WSJ: US/Other major oil consuming nations consider releasing 70M barrels from SPR

The Wall Street Wall Street Wall Street is part of the Financial District in New York City and one of the most iconic streets in the world. It is synonymous with US financial markets, and home to the world’s two largest stock exchanges by market capitalization – the New York Stock Exchange and NASDAQ.The area is also home, be it presently or historically to many other key exchanges. This includes the New York Mercantile Exchange, the New York Board of Trade, the New York Futures Exchange (NYFE), and the former American Sto Wall Street is part of the Financial District in New York City and one of the most iconic streets in the world. It is synonymous with US financial markets, and home to the world’s two largest stock exchanges by market capitalization – the New York Stock Exchange and NASDAQ.The area is also home, be it presently or historically to many other key exchanges. This includes the New York Mercantile Exchange, the New York Board of Trade, the New York Futures Exchange (NYFE), and the former American Sto Read this Term Journal is reporting that US, and other major oil consuming nations are considering releasing 70 million barrels of oil from its emergency strategic petroleum reserves.

OPEC is scheduled to meet this week. The US has informed Saudi Arabia they expect that the plan production increases will continue unabated (expected production increase to remain at 400,000 barrels a day)

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