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Sinochem News News on November 23, the US government announced that it would unite with multiple major oil consuming countries to release crude oil reserves to cool oil prices
On November 24, the Japanese government announced that it would cooperate with the United States to release its strategic oil reserves in order to stabilize oil prices and release the country’s excess oil reserves without violating the Petroleum Reserve Law
After the news that the United States released its crude oil reserves, international oil prices rose instead of falling