Reuters reported exclusively this week that the solicitation would take place on Wednesday as the administration of President Joe Biden buys oil for the SPR while prices are relatively low.
SEATTLE (Oil Monster): The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic sale from the facility in 2022, the Energy Department said on Wednesday.
Reuters reported exclusively this week that the solicitation would take place on Wednesday as the administration of President Joe Biden buys oil for the SPR while prices are relatively low.
Courtesy: www.reuters.com
| United States Crude Oil Prices | |||
|---|---|---|---|
| COMMODITY | PRICE | CHANGE | |
| Alabama Heavy Asphaltic Sour | 55.28 | +3.49 | |
| Alabama Light Sour | 61.42 | +3.88 | |
| Alabama Light Sour Womack Hill Type | 55.28 | +5.30 | |
| Alabama Light Sweet | 66.42 | +3.88 | |
| Alabama/ Florida Panhandle | 64.12 | +1.90 | |
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