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Story summary
- At the CERAWeek conference in Houston, U.S. Energy Secretary Chris Wright says oil near $100 per barrel has not caused demand destruction.
- The ongoing U.S.-Israeli war on Iran and energy infrastructure attacks have worsened the crisis.
- The administration of U.S. President Donald Trump plans to release up to 3 million barrels daily from the Strategic Petroleum Reserve.
- Wright noted improvements in Venezuela's oil output after political changes.
