Even worse, these reserves were built for specific crisis scenarios *that may yet happen* - and how will we respond then to some acute crisis (take your pick) with depleted strategic reserves? Not favourably, me thinksâŠ
The big decision to release oil reserves yesterday has had little effect. Price per barrel soared above $100. Itâs now hovering in the high 90s. Traders are expecting Trump and Netanyahuâs war to be prolonged.