Should oil traders expect aggressive SPR refill? | Presented by CME Group

The US Strategic Petroleum Reserve is back on the radar of commodity traders, as the Department of Energy sends conflicting signals about a major order. The SPR, which is presently at its lowest levels since the early 1980s, has an authorized capacity of up to 714 million barrels of crude, and moves to refill it can have a major impact on oil prices. Why is the SPR depleted, and what’s the likelihood of a market-moving order from the US government? Presented by @cmegroup:https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight

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