HomeBusinessEnergy Sector, Oil, & Gas Stock NewsCrude Oil Volatility: Drained United States' SPR

Crude Oil Volatility: Drained United States' SPR

How does Iran fit into the current conflict in the Middle East, and how could the crude oil price be impacted? President Biden is set to visit Israel. Ellen Wald weighs in on the Persian Gulf threats of about 20M barrels per day. Wald says that unless other Arab nations are going to open their doors to refugees from Gaza, the conflict will not end well. Currently, the crude oil market is looking to Venezuela for supply.

Futures

17 Oct 2023

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