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The Biden Administration Is Not Refilling The Strategic Petroleum Reserve
Forbes· 20 hours agoTo recap, the SPR is maintained by the U.S. Department of Energy, and its oil stocks are stored in huge underground salt caverns at four sites along the coastline of the Gulf ...
Asia open: PPI to test the soft landing narrative
The Forex Market· 23 minutes agoAs a result, market participants are likely to tread carefully, awaiting clearer signals from the inflation figures before making significant moves. As...
Oil Steadies as Traders Look to OPEC Report and Inflation Data
Bloomberg via Yahoo Finance· 56 minutes ago(Bloomberg) -- Oil held a gain before the release of OPEC’s market outlook, with traders looking for...
The U.S. is refilling the Strategic Petroleum Reserves. What purpose can they serve?
KTEP 88.5 El Paso· 2 days agoJoe Weisenthal is executive editor of news for Bloomberg Digital, and he sees a shift in the SPR's purpose. JOE WEISENTHAL: Thank you so much for having me. The Biden administration just announced ...
Oil extends decline on signs of weak fuel demand, strong dollar
WHTC 1450 Holland· 1 day agoBy Florence Tan SINGAPORE (Reuters) - Oil prices extended declines on Monday amid signs of weak fuel...
Oil prices settle up on demand optimism, US inflation in focus
StreetInsider· 8 hours agoNEW YORK (Reuters) -Oil prices rose on Monday, as signs of improving demand in the U.S. and China, the top two oil consumers, aided the bounce from the ...
Oil flirts with $78 break despite lingering Middle Eastern tensions
The Forex Market· 15 hours agoOil retreats to $78.00 after a failed attempt to snap above $80.00 on Friday. Oil prices edge up...
Schumer Urges FTC To Halt Chevron-Hess $53-Billion Deal
International Business Times· 14 hours agoSenate Majority leader Chuck Schumer has called on the Federal Trade Commission (FTC) to "pump the...
Brent Crude Oil Faces Downward Pressure Amid Demand Uncertainties
Benzinga· 12 hours agoThe price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per...
Forecasts for April CPI Report Show Continued Sticky Inflation
Morningstar· 8 hours agoEconomists forecast that the April Consumer Price Index report will show inflation remaining stubbornly above where Federal Reserve officials would like to see it, largely ...