Oil prices hit 10-month high as Saudi Arabia, Russia extend supply cuts
Brent Crude Oil rises above $90 per barrel for the first time since November 2022
While oil prices are rising, the US strategic petroleum reserve (SPR) is at its lowest levels since 1983. If the USA aims to fill its SPR (which it has stated it wants to do), then the demand and price of oil will continue to increase.
Ann: LESS THAN MARKETABLE PARCEL SHARE SALE FACILITY, page-38
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