Biden to effectively swing trade crude, saying U.S. will fill SPR at ~$70/bbl

Oct. 19, 2022 8:30 PM ETThe United States Oil ETF, LP (USO)UCO, DBO, USL, SCO, BNO, USOI, NRGUBy: Carl Surran, SA News Editor117 Comments

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President Biden confirmed Wednesday he will authorize the release of another 15M barrels of crude oil from the U.S. Strategic Petroleum Reserve and may make further oil purchases and withdrawals in an effort to target

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