Comments
IggyPoisson t1_ireqwse wrote
The fed announced additional releases from the SPR yesterday right after OPEC said they would decrease production to prop up prices. I don't understand your title.
FuhrerIsCringe t1_ireroa7 wrote
What happens when SPR goes empty? Is the more accurate question.
857477459 t1_iresxf0 wrote
The Fed doesn't control the SPR, the President does.
857477459 t1_iretajl wrote
Nothing "happens". At some point the government will just have to start buying back oil at a massive loss. At this point Biden is just worried about the next month until the election, after that it's irrelevant if oil prices rise.
charlie6583 t1_irexq3j wrote
Refill it with pricey oil. Great job, strategists
dude_no_just_no t1_irgou12 wrote
This isn’t beautiful, this is manipulative. The left axis doesn’t cross at 0
rosetechnology OP t1_ireq7l1 wrote
Sources: EIA, CME Group
Generated using Rose Technology