China Releases Fuel From Reserve To Stop Price Spike

China has released gasoline and diesel from its fuel reserve to arrest a price climb that has increased volatility in some parts of the country, Reuters has reported, citing the Chinese National Food and Strategic Reserve Administration. "Diesel and gasoline rotated out of the reserves will be used to increase market resources and reduce supply shortages, in order to stabilize supply and prices," Bloomberg quoted the administration as saying. "(Oil) product rotation should be more common than crude (oil releases from reserves)," said an SIA…