Reports that the IEA may deploy its largest-ever strategic stockpile draw led oil prices to resume an upward trend after a sharp prior-session decline. The prospect of a record reserve release to offset supply risks from war is supporting prices and is likely to keep energy markets volatile and price-sensitive in the near term.
Reports that the IEA may deploy its largest-ever strategic stockpile draw led oil prices to resume an upward trend after a sharp prior-session decline. The prospect of a record reserve release to offset supply risks from war is supporting prices and is likely to keep energy markets volatile and price-sensitive in the near term.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
