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Is an American SPR oil release imminent? No, say analysts



ICYMI weekend news about supply disruptions due to attacks on facilities in Saudi Arabia

Do we want a release from SPR?

  • The Strategic Petroleum Reserve (SPR) is a petroleum emergency storage facility maintained by the US Department of Energy (DOE)

Platts reports on comments from various oil analyzes, the most important of which is "No." [19659005] "I don't think a release is imminent

  • It all depends on how much damage has been done and how long it will last."
  • Oil markets open at the top of the hour (futures trading overnight). Although I expect no SPR release to be imminent, we have a guy in the White House who values ​​above all popularity (he is a politician after all), so one heads up potential tweets. You never know with the treble.

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