Trump May Tap Into Emergency Oil Supply

“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%.

Oil prices

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