US DOE Offers 11-M Bbl Crude Oil from Strategic Reserve $USO, $OIL, $VLO, $PSX US Department of Energy (DOE) is offering 11-M bbl of Crude Oil for sale from the nation’s SPR (Strategic Petroleum Reserve) ahead of sanctions on Iran that may reduce global supplies of Crude Oil The delivery period for the proposed sale […]
President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]
