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.”
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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