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US SPR Release: Timing of oil stockpile release could be adjusted if prices drop

US Deputy Energy Secretary David Turk said on Wednesday that the timing of the strategic crude oil stockpile release could be adjusted if prices drop, according to Reuters. He added that the US "metric of success" is affordable consumer fuel prices, not how quickly oil stockpiles can be released. China, other countries could also time their releases based on oil prices, he said, before adding that the Biden administration will continue to consider other tools to manage energy prices including a potential oil export ban. 

US ISM Manufacturing: First sign of a thaw in the supply chain crisis – Wells Fargo

The ISM Manufacturing Index showed an improvement in November, in line with market expectations. According to analysts at Wells Fargo, the report is t
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WTI drops back from earlier session highs, now in $67.00s, as markets await Thursday’s OPEC+ meeting

Oil prices have been pulling back from earlier highs in recent trade. WTI was above $69.00 earlier in the session but now trades in the $67.00s. But W
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