Last batch of US SPR release oil has been sold. Biden said he's ready to unleash more.

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Last batch of US SPR release oil has been sold. Biden said he's ready to unleash more.

<p>Via Reuters with a bit of a catch-up:</p><ul><li>The U.S. Department of Energy on Thursday said it sold 15 million barrels of oil from the Strategic Petroleum Reserve</li><li>completing the last batch of the largest-ever release from the stockpile</li></ul><p>And adds ...</p><ul><li>But the sale also bled the SPR, meant to be a protection against shocks in energy markets, to the lowest level since May 1984. </li><li>Biden said on October 19 the United States is ready to tap the SPR again early next year to rein in prices</li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Last batch of US SPR release oil has been sold. Biden said he's ready to unleash more.

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