After the USA news that it wanted major oil producers to use their reserves to lower oil prices, China's statement that it would use its oil reserves came.
oil prices; The USA, Japan and China are falling sharply on the expectation that they will be able to sell their crude oil reserves.
THE LOWEST NUMBERS SINCE THE BEGINNING OF OCTOBER WAS SEEN YESTERDAY
Brent crude's closest futures barrel price fell 0.6 percent to $79.84 today, after falling 2.6 percent yesterday to the lowest level seen since the beginning of October.
The USA light crude fell 1.1 percent to $77.52 today, after falling 3 percent yesterday.
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