News Snapshot:
The Americans’ hope was precisely that the price at the pump would go down if the price of oil falls. The latter had to be the result of drawing on the reserves, so that there is temporarily more supply of oil on the market. In theory, that should push the price down. Oil more expensive China, the UK, India, South Korea and Japan have also pledged to make oil available from state reserves, bringing an additional 70 to 80 million barrels on the market. However, that does not seem to be enough for the time being to have any real...
