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phil flynn, oil trader extraordinaire. we will talk about the release of the strategic oil release. trace: day two of jury deliberations in the murder trial of three men accused of killing ahmaud arbery. we are on verdict watch with fox news crews live outside the courthouse. sandra: the crime crisis hitting america today. some people being opposed to the word looting. how so?
and in the longer term, we will reduce our reliance on oil as we shift to clean energy. but right now, i will do what needs to be done to reduce the price you pay at the pump. that is the message from the president. david goldwyn was assistant energy secretary under bill clinton and also served as the us state department s special envoy for international energy affairs from 2009 to 2011. i asked him what the value of this oil release will be. i think, as the president said in his statement, it s too early to tell the impact of this. this is really all about what happens injanuary. this oil won t hit the market until mid december, 0pec is now deciding what it wants to do forjanuary delivery, and it s a question of where do you think demand will be and how big of a surplus will there be? so i think what was really significant about this is you have all the major consuming nations doing some contribution to a stock release to signal to 0pec+ the customers are unhappy, the consuming nation