Marketview: Wrong Places

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The market was again abuzz with talk this week that the US might release crude oil from the Strategic Petroleum Reserve (SPR) to drive crude and especially domestic gasoline prices down.

Oil Supply, Non-Opec Supply, Opec-Plus Supply , Oil Inventories
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Production and exports from Iran and Venezuela are rising amid speculation that the US may be taking a more lax approach to sanctions enforcement.
Thu, Sep 21, 2023
Opec has increasingly cast itself as the oil market's central bank, claiming its intervention helps stabilize supply and prices, but markets are not convinced.
Fri, Sep 22, 2023