Published: Thursday, 23 Jun 2011 | 11:55 AM ET
By: Jeff Cox
CNBC.com Staff Writer
An aggressive global effort to drive down oil prices even further appears aimed not only at easing gasoline prices but giving a boost to a faltering economy.
Dual announcements on Thursday by the US Department of Energy and International Energy Agency that reserve stockpiles would be released came even as the price of US crude had fallen more than 16 percent in just two weeks, while the more widely used Brent crude was down about 12 percent.
See full article
By: Jeff Cox
CNBC.com Staff Writer
An aggressive global effort to drive down oil prices even further appears aimed not only at easing gasoline prices but giving a boost to a faltering economy.
Dual announcements on Thursday by the US Department of Energy and International Energy Agency that reserve stockpiles would be released came even as the price of US crude had fallen more than 16 percent in just two weeks, while the more widely used Brent crude was down about 12 percent.
See full article
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