Avigator Fortuner/Shutterstock Save for later Print Download Share LinkedIn Twitter Oil prices have been swinging wide for several weeks, with concerns over central bank maneuvers, macroeconomic health and financial stability all posing headwinds. Adding to the pressure: news that the US Strategic Petroleum Reserve (SPR) would not be refilling tanks this year even as crude entered a price range officials had previously identified as justifying restocking. That removes an anticipated buyer from the market at a time when fundamentals are loosening. However, the slower-than-anticipated SPR refill is not a major surprise given both quality issues and the state of the global market.
