Oil prices fall after U.S. crude release and inflation data - Business News, Finance News, Share Market News - Market trendz

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Tuesday 14 February 2023

Oil prices fall after U.S. crude release and inflation data

The U.S. Department of Energy (DOE) said it would sell 26 million barrels of oil from the SPR, which is already at its lowest level since 1983.The DOE had considered cancelling the sale after U.S. President Joe Biden's administration last year sold a record 180 million barrels from the reserve. But that would have required Congress to act to change the mandate

from Commodities-Markets-Economic Times
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