top of page

Reserve releases counter supply fears as oil slips below $104

Writer's picture: Capitol TimesCapitol Times



Despite Russia's invasion of Ukraine and the lack of a nuclear agreement with Iran, oil prices dropped Monday as consumers released strategic reserves.


Despite President Joe Biden releasing record U.S. oil reserves and International Energy Agency commitments to further tap reserves, crude dropped by about 13 percent last week. It had been at its highest since 2008 last month, when it reached $139.


Commerzbank's Carsten Fritsch stated in a report that the supply of oil will not be severely short in the second and third quarters given a release of 1 million barrels per day over a six-month period in the United States.


4 April 2022

Comments


Contact us

Letter to Editor-In-Chief
Editor@capitoltimesmedia.com

For Advertising in
Capitol Times Magazine:

ads@capitoltimesmedia.com

Capitol Times magazine Issue 5
Capitol times magazine 9
Capitol times magazine 10

Join our mailing list

FOLLOW US

  • X
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

Disclaimer:

The views and opinions expressed in the articles or Interviews published in this magazine are solely those of the respective authors and do not necessarily reflect the official policy or position of the Capitol Times magazine or Capitol Times Media , its editors, or its staff. The authors are solely responsible for the content of their articles. The magazine strives to provide a platform for diverse voices and opinions, and we value the principle of free expression. The magazine assumes no responsibility or liability for any errors or omissions in the content of the articles. In no event shall the Capitol Times magazine or Capitol Times Media be liable for any special, direct, indirect, or incidental damages. Furthermore, the inclusion of advertisements or sponsored content in Capitol Times magazine does not constitute an endorsement or guarantee of the products, services, or views promoted by the advertisers. Readers are encouraged to conduct their own research and exercise caution when making decisions based on advertisements or sponsored content featured in this publication.

Thank you for reading and engaging with our publication. Your feedback is valuable to us as we continue to provide a platform for thought-provoking content and diverse perspectives.

© 2024 by Capitol Times Media LLC - Privacy Policy

bottom of page