The Russian Prime Minister Novak announced that Russia would limit oil production by 500,000 barrels a day in March as a response to embargo and price caps imposed on the Russian federations. Oil prices moved higher on the news.
Source: xStation5
Oil down nearly 5% following the announcement that European diesel reserves will be released💡
🟡Gold takes a breath, because of oil, not NFP
Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again
The US has a Diesel problem. Now Europe is being asked to open its reserves