Plans by the Trump administration to use a release from the US Strategic Petroleum Reserve
- Greg had the heads up on Friday: Trump administration considering releasing oil from the strategic petroleum reserve
This would be to lower gasoline prices ahead of the US elections in November.
Over the weekend an Iranian oil official urged the US admin not to use the Strategic Reserve to push prices lower, but instead to drop sanctions on Iran's exports of crude.
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One for the oil traders about to kick off the new week
I guess the good news (for drivers) is one or the other it looks like there will be moves to get prices down.
A price manipulation I can approve of :-D
