The oil price has hit a near-six-week low after America reportedly asked some of the world’s largest oil consuming nations to consider releasing crude stockpiles. Under the plan, these countries could join the US in a coordinated effort to lower global energy prices. Reuters reports this morning that the Biden White House asked China, India and Japan if they would push some of their strategic reserves of oil onto the market, to drive down costs.
good
Buy the dip and thank me latter