The U.S. Department of Energy has purchased 2.8 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR) at a price above $79 per barrel. This purchase is part of the effort to replenish the emergency oil cache, with a total of 32.3 million barrels acquired so far at an average price of $76.98 per barrel. The Biden administration's move aims to refill the oil stockpile after criticism of Trump's lower-priced refill plan.
Biden Admin Buys Millions Of Barrels To Refill Oil Stockpile After Dems Ripped Trump For Refill Plan At Lower Prices https://t.co/rFGmsyJh1s
Biden admin buys millions of barrels to refill oil stockpile after dems ripped Trump for refill plan at lower prices https://t.co/ZfimSKSO3b
US Breaks Oil Price Ceiling Of $79 In Latest SPR Purchase https://t.co/8CPfarK1hd
US to buy oil for SPR oil at above $79 target price in latest round (Reuters) #oott $UCO $USO $BNO DOE has already purchased 26.28 million barrels of oil for the SPR for an average price of $76.47, as well as accelerated nearly 4 million barrels of exchange returns. The Bidenā¦
#SPR: To date, DOE has purchased a total of 32.3 million barrels of oil for the SPR for an average price of $76.98. #oott https://t.co/h4K2RocJHc
#SPR: Today, the U.S. Department of Energyās (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 2.8 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR). A total of 6 companies responded to theā¦
#OOTT | US Buys 2.8 Million Barrels Of Oil As It Fills Strategic Reserve - BBG https://t.co/EhZCsmjjYH
The US purchased 2.8 million barrels of crude for the nationās emergency oil cache as it seeks to replenish depleted supplies https://t.co/y8922RhQGA