Exclusive-US to seek 6 million barrels of oil for reserve, amid low oil price
The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with ...
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Oil Is Forcing Inflation Higher, But Relief Could Be Coming
Oil prices are nearing $100 a barrel, and an increasing number of analysts expect prices to surpass that level this year. Triple-digit oil prices would almost certainly force inflation higher, making ...
DOE Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve
The DOE said it has bought more than 50 million barrels so far at an average price of $76 a barrel. The SPR held 380.6 barrels of oil as of Sept. 13, according to the U.S. Energy Information ...
US seeks up to 6 million barrels of oil for strategic reserve
The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic ...
Oil futures trim losses after fall in U.S. crude inventories, Fed rate cut
Oil futures trimmed losses Wednesday, after government data showed U.S. crude inventories fell last week and the Fed ...
U.S. crude oil trades above $69 per barrel after two straight days of losses
U.S. crude oil traded above $69 per barrel on Thursday, hovering near a nine-month low as the market worries about the supply and demand balance for the rest of the year. The U.S. benchmark has shed ...