As part of combating rising commodity prices, China will implement its decision to sell oil from state reserves on September 24.
China will implement its decision to sell crude oil after the sale of metal from state reserves.
China’s State Reserve Administration announced that it will hold a tender on September 24 to sell 7.38 million barrels of crude oil from oil stocks in an effort to rein in rising prices.
China had previously sold copper, aluminum and zinc from state reserves.
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