Via Reuters with a bit of a catch-up:
- The U.S. Department of Energy on Thursday said it sold 15 million barrels of oil from the Strategic Petroleum Reserve
- completing the last batch of the largest-ever release from the stockpile
And adds ...
- But the sale also bled the SPR, meant to be a protection against shocks in energy markets, to the lowest level since May 1984.
- Biden said on October 19 the United States is ready to tap the SPR again early next year to rein in prices