Oil Prices Could Be Headed Even Higher as US Emergency Reserve Falls to 1980s Low — Market Strategist Says $200 Oil Risk Is Growing
Detrick warns oil prices could surge as the U.S. SPR falls to its lowest level since the early 1980s amid the Iran conflict.
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Why It Matters
When the U.S. keeps less oil stored for emergencies, there is less extra oil available if supply gets tight. This could make oil prices go up, so watch how much oil America is keeping in reserve.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.