Japan Joins Coordinated Oil Sales to Combat Rising Prices_老虎社区_美港股上老虎

Japan Joins Coordinated Oil Sales to Combat Rising Prices

Bloomberg2021-12-27

(Bloomberg) -- Japan kicked off the sale of oil from its strategic reserves in a bid to combat rising prices, joining an unprecedented coordinated release of crude from strategic stockpiles that’s ...

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·2021-12-27
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·2021-12-27
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Brent crude, the global benchmark, traded slightly higher above $76 a barrel on Monday, although it’s down by about 7% since the U.S.-led plan was announced.\nTrade Minister Koichi Hagiuda said in November that Japan would conduct the release as it replaces oil in its stockpiles. 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