Global daily oil consumption is about 100 million barrels per day. So these 180 milion barrels will be less than two days worth of supply. Besides, the main problem today is not lack of oil, but lack of diesel. I really doubt that the release will have a big effect on prices beyond the next few days.
Global daily oil consumption is about 100 million barrels per day. So these 180 milion barrels will be less than two days worth of supply. Besides, the main problem today is not lack of oil, but lack of diesel. I really doubt that the release will have a big effect on prices beyond the next few days.