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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Видео Should oil traders expect aggressive SPR refill? | Presented by CME Group канала Bloomberg Quicktake
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Subscribe to our YouTube channel: https://trib.al/KM4k5RA
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow
Видео Should oil traders expect aggressive SPR refill? | Presented by CME Group канала Bloomberg Quicktake
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