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0 sats \ 2 replies \ @Satosora 10 Apr \ parent \ on: Consumer prices rose 3.5% from a year ago in March, more than expected econ
lol
Do you know how much oil they have in storage?
They are just creating this squeeze on purpose.
Using any excuse to make you feel better about buying it.
The US? Cause actually yes however it is at its lowest level since we began filling it. The US does swaps with companies so that the crude doesn't go "bad" but those have started to have issues because of the price. The Department of Energy (DOE) announced and then canceled the latest cude resupply because the price went up above $75 level. Not sure how they are going to plan on refilling it more given the price is likely to be stuck in the $80-90 for the foreseeable future but this is actually something I monitor as part of my job lol
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We will have zero strategic reserves by October
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