WTI crude prices jumped more than 3.5% after President Biden announced that the United States intends to buy 60 million barrels of crude oil. As reported by CNN, a plan to replenish the Strategic Reserves is to be presented today.
WTI crude oil prices soared above the major resistance zone at $111 a barrel today after the US revealed plans to buy 60 million barrels. Source: xStation 5
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