RE:Here is WhyMeaningless gesture which will only hurt them in the long run. The US has already passed massive infrastructure bills that are going to need oil for and they have already announced massive selling from the strategic reserve to finance the trillions of dollars of infrastructure. The Chinese have sold massive amounts of oil from their strategic oil reserves and are buying it back at a higher price The Americans will end up doing the same. Makes me more bullish than I already am.