IEA members announced a record release of emergency oil reserves, yet oil prices held steady on Friday and remained on track for another weekly gain. The release, while significant for supply-side dynamics, has so far not pressured prices materially as markets appear to absorb the additional barrels.
IEA members announced a record release of emergency oil reserves, yet oil prices held steady on Friday and remained on track for another weekly gain. The release, while significant for supply-side dynamics, has so far not pressured prices materially as markets appear to absorb the additional barrels.
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