What’s Next for the US Strategic Petroleum Reserve?

Summary The US Strategic Petroleum Reserve (SPR) was founded in the wake of the 1973-74 oil embargo to help insulate the US from the impact of a severe oil supply interruption. This year, the Biden Administration announced the largest drawdown in SPR history as Russia’s invasion of Ukraine and related supply concerns drove a spike [...] The post What’s Next for the US Strategic Petroleum Reserve? appeared first on ETF Trends .