US energy Hochstein:
- oil prices are bit higher than they should be
- will be opportunistic on SPR
- look to immediately repurchase when prices are in a $70 per barrel range
Do think it's a good time to tell the market what price you're looking to buy? T him himhe price of crude oil reached the lowest level since the beginning of the year yesterday at $75.27.
The current prices trading back up $81.47. Looking at the hourly chart, the price high today reached $81.74. The falling 100 hour moving averages at $81.79.