High Energy Prices Trigger U.S. Emergency Oil Release

High energy prices have prompted the Biden administration to announce a crude oil loan from the U.S. emergency stockpile, in an attempt to curve the phenomenon ahead of the Christmas season. The government had requested OPEC producers to speed up production to match the increasing demand. Q3 2021 hedge fund letters, conferences and more High Energy PricesAs reported by Reuters, “A so-called ‘swap’ from the U.S. Strategic Petroleum Reserve (SPR) will be announced on Tuesday in a move coordinated with several countries,” while the amount of oil to be released from the stockpiles is yet to be det…

Read More