US Plans to Release 172 Million Barrels of Oil to Suppress Prices, Pre-market Crude Oil Chain Price Gains Narrow by 4%

BlockBeats News, March 12th, according to Hyperinsight monitoring, Hyperliquid showed that the gains of CL (WTI crude oil) and BRENTOIL (Brent crude oil) narrowed simultaneously. The CL price briefly fell below $90, down 4.2% from today's 12:00 high, currently at $90.1.

According to official sources, less than two weeks after the outbreak of the Iran war, the Trump administration plans to release 172 million barrels of oil from the U.S. strategic oil reserve. This is part of a total of 400 million barrels of oil reserve release plan by member countries of the International Energy Agency (IEA) globally. After the news was released at 12:00 today, the crude oil pre-market gains quickly retraced.