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Friday, March 13, 2020

U.S. to buy ‘large quantities’ of oil for reserve, Trump says

Pres. Trump says he has instructed the U.S. Department of Energy to buy “large quantities of crude oil… right up to the top” for the Strategic Petroleum Reserve.
WTI crude oil jumps ~$2/bbl on the news.
https://seekingalpha.com/news/3551688-u-s-to-buy-large-quantities-of-oil-for-reserve-trump-says

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