US Crude Oil reserves (SPR) should be kept for emergency

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US Crude Oil reserves ( SPR ) should be kept for emergency

MRO

Strategic reserves of oil should be kept for true supply shocks seven top Republicans in the Senate told President Barack Obama on Monday, urging the White House to avoid tapping stockpiles unless there is a "severe" disruption.

The White House has said for months it was considering the merits of selling oil from the Strategic Petroleum Reserve, or SPR, as a tool for dealing with oil prices spooked higher by Middle East tensions and Western restrictions on Iranian oil sales.

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This article appears in: Investing , Commodities

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