finance
U.S. releases 9.1 million barrels from petroleum reserves in one week
Officials placed approximately 9.1 million barrels of oil from government reserves onto the market last week. The weekly volume equals roughly 1.3 million barrels per day and ranks as the second-largest single-week release on record.
JA
swissinfo.chAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Officials placed approximately 9.1 million barrels of oil from government reserves onto the market last week. The weekly volume equals roughly 1.3 million barrels per day and ranks as the second-largest single-week release on record. Over the preceding eight weeks, releases averaged more than one million barrels per day. The sustained pace marks a continued draw from stored supplies.
Release volumes and schedule The single-week total of 9.1 million barrels exceeds prior weekly figures except for one earlier record. Officials have not stated how long the elevated release rate will continue. Market participants now track daily delivery notices to gauge further supply additions.
Transparency
1 source · single source
CorroborationModerate · 1 source
