Oil prices edged higher yesterday, with ICE Brent settling 0.31% higher on the day. The gains were driven by a recovery in equity markets and a relatively supportive inventory report from the ...

Should U.S. policy on SPR be reoriented to combat oil price volatility beyond supply disruptions? How would other countries fit into such a strategy if it was pursued?

Oil prices edged higher yesterday, with ICE Brent settling 0.31% higher on the day. The gains were driven by a recovery in equity markets and a relatively supportive inventory report from the ...

Crude oil stocks, not including the SPR, stood at 433.8 million barrels on February 28, according to the EIA's latest weekly petroleum status report. Image by mesh cube via iStock U.S. commercial ...

The SPR is the world's largest emergency crude oil stockpile with capacity to store about 727 million barrels and currently holds about 395 million barrels. The estimated $20 billion would only be ...

Another supportive factor: the US energy secretary saying current crude oil prices may provide an attractive opportunity to buy oil to refill the Strategic Petroleum Reserve (SPR). The SPR stands at a ...

March 7 (Reuters) - U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its ...