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Oil prices reportedly fall as Saudi supply hopes outweigh fresh Houthi strikes

CNBC reports that additional Saudi crude supplies eased disruption fears on September 18. Separately, a user said the U.S. energy secretary called further emergency oil-reserve loans a “very real possibility.”

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2 Sources, 12d ago, first seen 12d ago

TLDR

CNBC reports that oil prices fell on September 18 as Saudi supply hopes outweighed fresh Houthi strikes. Its description says additional Saudi crude supplies helped ease disruption fears.

Separately, a user said the U.S. energy secretary had called more Strategic Petroleum Reserve loans a “very real possibility.” The user put loans already made at 130 million-plus barrels, with about 38.5 million barrels left under the program. The same account put total reserve holdings at about 285 million barrels, described as the lowest level since November 1982.

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2 Sources, first seen 12d ago

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Combined views

7.4K

2 Sources, first seen 12d ago

97 likes12 comments6 saves12 reposts

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2 Sources

@puckrinThe US may have to tap its depleting emergency oil reserve. AGAIN. The Energy Secretary says more SPR loans are a “very real possibility” as oil prices rise and backwardation deepens. The US has already used a significant chunk of the reserves: - 130M+ barrels already loaned - ~38.5M barrels left under the program Meanwhile, the wider reserve is already heavily depleted: - ~285M barrels in the SPR - Lowest level since November 1982 And there is still no end to the oil shock in sight.
@TOzgokmenIt is like trying to counter a hurricane by farting; pathetic disgusting liars. These are not real men. ******************************************* Oil prices fall for third day on Saudi Arabia supply hopes; U.S. crude briefly dips below $100 https://cnb.cx/4yDhzJU
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    2 Sources

    @puckrinThe US may have to tap its depleting emergency oil reserve. AGAIN. The Energy Secretary says more SPR loans are a “very real possibility” as oil prices rise and backwardation deepens. The US has already used a significant chunk of the reserves: - 130M+ barrels already loaned - ~38.5M barrels left under the program Meanwhile, the wider reserve is already heavily depleted: - ~285M barrels in the SPR - Lowest level since November 1982 And there is still no end to the oil shock in sight.
    @TOzgokmenIt is like trying to counter a hurricane by farting; pathetic disgusting liars. These are not real men. ******************************************* Oil prices fall for third day on Saudi Arabia supply hopes; U.S. crude briefly dips below $100 https://cnb.cx/4yDhzJU
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