Feb 08

US To Sell 10 Million Barrels Of Oil From Strategic Petroleum Reserve In February:

Following a January announcement according to which the DOE planned to sell 8 million barrels of oil from the Strategic Petroleum Reserve, and which some speculated was the reason for the big buildup in crude inventories in the past several weeks, today the U.S. Energy Department said it will sell 10 million barrels of oil from the government’s emergency crude reserve in late February. 

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