Futures Movers: Oil rebounds after reports of a U.S. push for coordinated release of crude reserves send prices to 6-week lows
Oil finished higher on Thursday, with prices rebounding after dropping to their lowest levels in about six weeks on reports that China plans a release of crude from its reserve and the Biden administration has been pressing other countries to join in.
The Biden administration asked China, India and Japan to release reserves as part of a coordinated effort to push down prices, Reuters reported, citing anonymous sources.
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