Oil is at its lowest price in weeks. A barrel of crude fell to about $83, a low since before a 2M barrel a day cut by OPEC+.
The dip is partly due to talks to release fuel from the US Strategic Petroleum Reserves. The released fuel will be part of a previously decided 180M barrels. The Biden Admin said the 10-15M new barrels will not reach the end of the allotted 180M.
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