Take That Putin: US To Release 5 Million Barrels From Strategic Petroleum Reserve In “Test”
by Tyler Durden
WTI crude prices are faling rapidly as Reuters reports that the US is set to ‘unleash’ its Strategic Petroelum Reserves in a “test-sale”…
*U.S. TO RELEASE CRUDE FROM STRATEGIC PETROLEUM RESERVE: REUTERS
Of course, this is a direct aim at Putin’s pocket-book as his stumbling economy needs high prices to sustain itself. However, the 5 million barrell release is less than a third of the US daily consumption rate (though does sound some alarms we are sure).