Nations Release Oil Reserves, Canada Benefits
Montreal News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Thirty-two nations, including Canada, agree to release four hundred million barrels from strategic oil reserves to cool surging prices triggered by the war in the Persian Gulf. Canada, a major producer, will boost output rather than tapping stored reserves. Higher prices could boost Canadas economy, but a spike above one hundred dollars could slash global demand and hurt exports.
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