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Oil steadies as investors question reserve release | Reuters

Oil steadies as investors question reserve release | ReutersOil prices were largely steady on Wednesday as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to how producers will respond.Brent crude was up 17 cents, or 0.2%, at $82.48 a barrel by 1605 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 7 cents, or 0.1%, to $78.56.The United States said it would release millions of barrels of oil from strategic reserves...
Tags: Travel, Opec, Britain, United States, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Koichi Hagiuda, China India South Korea Japan


Oil steady as investors question reserve release | Reuters

Oil steady as investors question reserve release | ReutersOil prices were steady on Wednesday as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to how producers will respond.Brent crude futures were down 15 cents or 0.1% at $82.16 a barrel by 1311 GMT, having jumped by 3.3% on Tuesday.U.S. West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.2%, to $78.34 after a 2.3% gain the previous day.The United States said it wo...
Tags: Travel, Opec, Britain, United States, Reuters, Rupert Neil Bumfrey, China India South Korea Japan


Oil steady as investors question reserve release effect | Reuters

Oil steady as investors question reserve release effect | ReutersOil prices were steady on Wednesday as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to how producers will respond.Brent crude futures were down 27 cents, or 0.3%, to $82.04 a barrel at 1000 GMT, after rising 3.3% on Tuesday.U.S. West Texas Intermediate (WTI) crude futures fell 23 cents, or 0.2%, to $78.27 a barrel, following a 2.3% gain in the previous day.The Un...
Tags: Travel, Opec, Britain, United States, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, China India South Korea Japan


Oil rises 3% to one-week high after U.S. taps emergency reserves | Reuters

Oil rises 3% to one-week high after U.S. taps emergency reserves | ReutersOil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC...
Tags: Travel, Opec, Britain, United States, Brent, Reuters, Rupert Neil Bumfrey, China India South Korea Japan



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