strategic petroleum reserve release

USA taps emergency oil reserves to calm oil prices

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USA taps emergency oil reserves to calm oil prices

Key points USA taps emergency oil reserves to steady markets The U.S. is once again using its emergency oil stockpile as a pressure valve for a nervous global market. Reuters reported that Washington is releasing 172 million barrels from the Strategic Petroleum Reserve, part of a coordinated International Energy Agency response aimed at easing the … Read more

How the Iran conflict is hitting the U.S. economy — energy, inflation, markets

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How the Iran conflict is hitting the U.S. economy — energy, inflation, markets

Key points What’s happening — Iran conflict is hitting the U.S. economy Geopolitical shocks tied to Iran’s retaliation campaign and disruptions to Gulf shipping have sent oil sharply higher, squeezed global supply chains, nudged U.S. inflation expectations up, and produced a mix of winners (U.S. oil producers) and losers (drivers, airlines, energy-intensive manufacturers). Energy & … Read more