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US DOE Awards 2.95mn bbl SPR Contracts for June

OIL

The US Department of Energy awarded contracts for the replenishment of 2.95mn barrels of US crude oil for the SPR in June on Thursday according to a statement.

  • The barrels have been purchased at an average price of $77.81/bbl.
  • The crude will be delivered to the Big Hill SPR storage site between 1-30 June.
  • The DOE is also seeking another 3mn barrels of crude for the SPR for July delivery.

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