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Oil Analyst Warns of ‘Violent Repricing’ as US Oil Reserves Fall to a Level Not Seen Since the Reagan Administration
Summary by 24/7 Wall St.
2 Articles
2 Articles
Oil Analyst Warns of ‘Violent Repricing’ as US Oil Reserves Fall to a Level Not Seen Since the Reagan Administration
The United States has been quietly draining its emergency oil stockpile at a record pace, and one analyst says the moment it runs dry could trigger a price shock the market is not prepared for.
·Lakewood, United States
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Escalation of the war is sparking new concerns about global supplies. The International Monetary Fund warns that the emergency oil reserves released in the spring to keep oil prices down are now nearly exhausted.
·Copenhagen, Denmark
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Total News Sources2
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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