The timing of the release of 60M barrels of oil is a puzzle: The war in Libya, the purported...

|By:, SA News Editor

The timing of the release of 60M barrels of oil is a puzzle: The war in Libya, the purported cause of the move, has been raging for months, and prices had already fallen ~10% since April. So why the release now? This isn't really about oil; it's the economy, stupid. Some see it as "a sign of desperation" with prices recovering after a few months.