“I would be very surprised if they were not thinking about it,” said Kevin Book, managing director of Washington-based consultancy ClearView Energy Partners. “The DOE must begin planning its scheduled sales months in advance, so I suspect the timing of a scheduled sale as a market-management tool probably has been on their radar screens for weeks.”
WTI crude oil is currently priced at $71.01 and has risen exponentially within the past year–48.2%.
For more market news, visit ETFTrends.com.