Oil surges over 7% despite record reserve release announcement as markets doubt supply relief
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Source: CNBC
Published: 2026-03-12 12:07 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Middle East, Military & Defence, Energy, War & Conflict
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Snippet:
Oil prices surged more than 7% Thursday, as traders appear to be unconvinced that government stockpiles can offset the massive supply shock triggered by the war in the Middle East.
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