Oil steadies as IEA prepares details of reserve release
Oil prices have pulled back considerably since peaking last month in the early days of the invasion. Declines over the last couple of weeks have been aided by lockdowns in China and a massive SPR release by the IEA, the details of which should become known early this week.
The US has already made its contribution known which will go some way to easing the tightness in the market and supply shock from Russia, where sanctions are biting.
04-04-2022 09:26 GMT
by Craig Erlam
