- 12 June 2020
- Reaction score
50 million barrels released of the yanks' strategic petroleum reserve. Futures have bounced.
The yanks have mountains of shale wells to get back online so this is just a stop-gap after opec refused to up production. So, all a supply side issue.
Edit: Looks like there's a coordinated release between non-opec countries - india's just released 5 million, more announcements to follow.