The U.S. Energy Department said one energy firm borrowed 500,000 barrels of crude oil from the Strategic Petroleum Reserve, equal to about 1.25% of the barrels offered in the latest allotment. The move is part of the Trump administration's effort to curb fuel prices and is a routine supply-management action rather than a major market shock.
The U.S. Energy Department said one energy firm borrowed 500,000 barrels of crude oil from the Strategic Petroleum Reserve, equal to about 1.25% of the barrels offered in the latest allotment. The move is part of the Trump administration's effort to curb fuel prices and is a routine supply-management action rather than a major market shock.
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