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US To Buy 6mn Barrels of Crude Oil For SPR

OIL

The US government is planning to purchase 6mn barrels of crude oil for the Strategic Petroleum Reserve scheduled for October and November, it said on Friday.

  • Previously, the Energy Department purchased 3.2mn barrels of oil at around $71.98/bbl for September delivery.
  • The US plans to purchase around 12mn barrels of oil this year.

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