社区

$REX INTERNATIONAL HOLDING LTD(5WH.SI)$

A release of surplus crude from national reserves would produce only a limited increase in the oil supply, industry watchers say. In June 2011, U.S. crude oil futures dropped from around $95 per barrel to about $91  immediately after the coordinated release was announced, but the price rebounded in about a week.

U.S. benchmark West Texas Intermediate touched a six-week low at the $75 dollar a barrel range Friday before ending the day with a small gain.

" Beyond crude oil, there is a risk that prices of other national resources will soar in the future," said Ken Koyama,  chief economist at the strategy research unit of Japan' s  Institute of Energy Economics.