16/05/2023at 10:02

Oil builds on US plans to refill reserves

”The market got a boost from expectations that the US repurchase of oil for the strategic reserve will continue if WTI prices fall near or below USD 70 a barrel,” says an analyst.

by marketwire, translated by daniel pedersen

Oil prices increased in Monday trading after the US announced plans to refill its Strategic Petroleum Reserve (SPR) in light of Canadian wildfires threatening supply.

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