Bloomberg

China Releasing Some Oil From Strategic Reserves After U.S. Invite

(Bloomberg) — China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs.Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationHong Kong’s New Museum Tries to Please Art World — and BeijingA Denser City, But at What Cost?An Oil Company Went Up in Flames, Burning Lenders and the PlanetElizabeth Holm