Oil prices soared after US attempt and China reduce them

Immediately after the announcement of the President of the United States, Joe Bayiden on the start of the sale of oil from the strategic reserves and the support of these actions by the UK, South Korea, Japan, China and India, the cost of raw materials soared. This is evidence of the ICE exchange data.

As of 17:05 Moscow time, Brent stopped at $ 80.9 dollars per barrel (plus 1.52 percent to the beginning of the trading session), and the WTI variety is up to 77.65 dollars (plus 1.2 percent ).

The purpose of the plans of the White House was to further reduce the cost of raw materials by output to the market for additional volumes. Apparently, market participants disappointed the amount of oil, which agreed to sell the participants of the agreement.

/Media reports.