RE: Copl19 Oct 2022 10:54
Those 50k sells look like rollovers at the lower end to me.....
Biden is clueless... most analysts calling $110-$120 in months ahead!!!
Biden Plans To Refill The SPR When Oil Prices Fall Below $72
By Irina Slav - Oct 19, 2022, 1:18 AM CDT
The White House has released a fact sheet that establishes its intention to refill the Strategic Petroleum Reserve when oil prices are between $67 and $72.
In spring, President Biden ordered the release of 180 million barrels of crude from the SPR, a move that has helped to bring down the price of oil.
The White House believes its approach to repurchasing the crude with both protect taxpayers and help create certainty around future demand for crude oil.
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