Read full post at forexlive.com
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves has announced:
Yep, the US is back on the bid for oil to further replenish Reserve stocks.
The DoE says:
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SPR stockpiles have increased in each of the past six months. In April, though, the Department cancelled planned purchases of 1.5mn barrels each for August and September when prices jumped above the cap.