U.S. to purchase 3 MMbbl for emergency reserve
(Bloomberg) – The Energy Department announced Friday it planned to purchase 3 million more barrels of crude oil for the Strategic Petroleum Reserve. A previous solicitation for about 3 MMbbl resulted in contracts awarded to five companies, with …
Oil prices up after bullish Saudi comments, falling U.S. stockpiles
CNBC
Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.
Brent crude futures rose $1.42, or …