Energy Daily

The US and China Are Saving Oil From a Crisis

Record American exports and slowing Chinese imports are keeping a lid on prices — for now.
A US Strategic Petroleum Reserve site at Bryan Mound, near Freeport, Texas.Photographer: Brandon Bell/Getty Images North America
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Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley looks at the factors helping to shield the oil market from the effects of the Iran war and the risks ahead.

Ever since the war in Iran began, the oil market has been pulling every lever it can to make sure the world has enough supply.