(Bloomberg) – The U.S. purchased 2.8 MMbbl of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies. The Energy Department has been slowly refilling the Strategic Petroleum Reserve after it reached a 40-year-low following the Biden administration’s unprecedented drawdown in the wake of Russia’s invasion of Ukraine.
Hey Stu, what is your email address? From time to time, I would like to communicate with you. Steve