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Topic: strategic-petroleum-reserve

A United States Strategic Petroleum Reserve storage site
New Economy
Thursday, 7/23, 01:16 AM

What is the Strategic Petroleum Reserve, and when does it move oil prices

  • The United States keeps hundreds of millions of barrels of crude oil buried in salt caverns along the Gulf Coast, ready to be released if supplies are disrupted.
  • The Strategic Petroleum Reserve is the world's largest emergency oil stockpile, and a president's decision to tap it, or refill it, can ripple through global crude prices.

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