|
|
|
|
|
|
by medvezhenok
1320 days ago
|
|
|
You can't mention oil prices without mentioning the U.S. SPR (Strategic Petroleum Reserve) releases (around ~250M barrels released this year, around 1/3 of the total reserve): https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M... Without those, the price of crude oil would likely be higher than it is at the moment (although hard to say how much higher). The fact that China is still pursuing a COVID-0 policy has also helped keep global demand depressed - but we can't rely on that indefinitely. |
|
|