Despite the announcement of the use of strategic reserves, oil rose during the day on Tuesday. The world's leading economic power will put 50 million barrels of oil on the market over the next few months.

Crude prices rallied high into the green. Paradoxically, oil prices reacted with a sharp rise to the announcement of a long-awaited initiative, coordinated between the United States and other oil-consuming countries, to release part of their strategic reserves, which aimed instead at lowering prices. The price of a barrel of Brent from the North Sea for delivery in January jumped 3.27% to 82.31 dollars. In New York, the barrel of West Texas Intermediate (WTI) for the same month gained 2.22% to 78.50 dollars. The Organization of the Petroleum Exporting Countries (OPEC) and ten allies including Russia are still largely restricting their production of black gold under the OPEC+ agreement to support prices, despite the risk of inflation that could weigh on economic recovery.