7:20 PM · 16 December 2022

DoE will buy oil for SPR from February!

The US Department of Energy announced that in February it intends to start buying crude oil to replenish its strategic reserves. It will be a very small amount for now, only 3 million barrels, but it is an important signal for the market. At the same time, however, the DoE indicated that due to the closure of the Keystone pipeline, it intends to make 2 million barrels available to refineries. Recall that this year the DoE sold 180 million barrels of reserves, which was the largest reduction in history.

OIL.WTI is trying to erase some of the recent losses. Early in the session price fell over 3%. Source: xStation5

29 April 2026, 5:20 PM

BREAKING: US naval blockade stays in place❗️WTI extends above 105 USD 🛢️ 📈

29 April 2026, 9:55 AM

Chart of the Day: OIL (29.04.2026)

28 April 2026, 6:39 PM

Daily summary: Uncertainty grips the market amid earnings season

28 April 2026, 3:01 PM

Rare Earth Americas IPO Getting Closer

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