The UK said it stands ready to support the release of emergency oil reserves after a spike in oil prices following renewed conflict in the Middle East, finance minister Rachel Reeves said. The comment is a contingent policy signal rather than an immediate release and could act to limit short-term upside and volatility in crude markets if implemented.
The UK said it stands ready to support the release of emergency oil reserves after a spike in oil prices following renewed conflict in the Middle East, finance minister Rachel Reeves said. The comment is a contingent policy signal rather than an immediate release and could act to limit short-term upside and volatility in crude markets if implemented.
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