Oil Sags as Traders Assess Potential for Joint Stockpile Release

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“If China makes an effort to cooperate with the U.S. to bring down energy prices, that would be bearish,” said Kim Kwangrae, a senior commodities analyst at Samsung Futures Inc. Still, the SPR is meant for real emergencies, such as war, signaling there aren’t a lot of options for the U.S., he said.