News summary
U.S. WTI crude oil futures fell 54 cents on Tuesday to close at 79 per barrel5cardstudrules$.26, affected by the Department of Energy selling gasoline reserves to lower oil prices.
Newsletter text
On the 22nd Beijing time, U.S. WTI crude oil futures prices fell. The market currently lacks the ability to boost crude oil prices5cardstudruleskey factors. [West Texas Intermediate crude oil futures fell 54 cents] West Texas Intermediate crude oil futures for June delivery on the New York Mercantile Exchange fell to close at US$79.26 a barrel. [U.S. Department of Energy cuts oil prices] The U.S. Department of Energy announced plans to release nearly 1 million barrels of gasoline from northeastern gasoline supply reserves to reduce the burden on oil prices. [Details of the gasoline sales plan announced] The gasoline sales will be held in New Jersey and Maine. Through the gradual release of 100,000 barrels each time, the U.S. Department of Energy expects to deliver gasoline to local retailers before July 4 and ensure Price competitiveness.
