The US government hinted at a new release of oil from its US Strategic Petroleum Reserve (SPR) yesterday, minutes after crude soared to within just two cents of $34 a barrel in London. A further release of oil from the emergency reserves remains "an option," US Energy Secretary Bill Richardson said. Brent crude fell back here following Richardson's remarks to $33.36 a barrel from $33.74 shortly before.
Oil price fluctuates
The US government hinted at a new release of oil from its US Strategic Petroleum Reserve (SPR) yesterday, minutes after crude…
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