US to buy 1 million barrels of oil for the SPR (strategic petroleum reserve)

US is to buy 1 million barrels of oil for the SPR. This according to a report on Bloomberg. The US is buying oil for delivery in December 2025 January 2026. The price of oil spiked up to $58.08 on the headline. It is currently trading at $57.48 up $0.50 o. N the day

This article was written by Greg Michalowski at investinglive.com.