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.
Photo: Jan Unger
Photo: Jan Unger
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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading


See all jobs