Oil prices play a crucial role in the global economy, and in the United States, they directly affect transportation, heating,…
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The Strategic Petroleum Reserve (SPR) is a crucial part of the United States’ energy security. Established in 1975, it serves…
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Crude oil stock refers to the quantity of crude oil held in storage at any given time. This term is…
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U.S. crude oil inventories fell by 4.339 million barrels for the week ending September 20, according to data released by…
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Crude oil inventories in the United States increased by 1.96 million barrels for the week ending September 13, according to…
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WASHINGTON (Reuters) – The Biden administration plans to acquire up to 6 million barrels of oil for the Strategic Petroleum…
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In the world of oil trading, various contractual agreements, terms, and procedures are established to streamline operations, mitigate risks, and…
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Oil prices continued their downward trend on Tuesday morning, with West Texas Intermediate (WTI) crude futures dropping 4.5%. This decline…
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Crude oil inventories in the United States fell dramatically by 7.4 million barrels for the week ending August 30, according…
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SINGAPORE, Aug 26 (Reuters) – Oil prices increased on Monday due to concerns that the Gaza conflict might spread throughout…