Oil prices slip as US postpones refilling reserves ...News

It will be difficult to take advantage of low prices this year to add to stockpiles, US energy secretary says Oil prices slumped on Friday on concerns of oversupply after US Energy Secretary Jennifer Granholm announced that replenishing the country's Strategic Petroleum Reserve (SPR) may take several years. Major global benchmarks were down more than 3% on Friday, extending losses from the previous day. Brent crude dropped 3.3% to $73.41 a barrel while US West Texas Intermediate (WTI) futures plunged 3.5% to $67.49 a barrel. "The lack of crude buying for the SPR represents a major blow to the oil-demand outlook,"

Hence then, the article about oil prices slip as us postpones refilling reserves was published today ( Friday 24/03/2023 - 07:36 PM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil prices slip as US postpones refilling reserves )

Also on site :

• Gwyneth Paltrow’s surprisingly racy Oscars 2026 dress is slit all the way up the sides
• TIER IV unveils AI-based Level 4 autonomous driving, accelerating global platform expansion across Japan, U.S. and Europe
• Conan O’Brien Starts Oscars by Roasting Timothée Chalamet’s Ballet and Opera Controversy as Camera Cuts to ‘Marty Supreme’ Star Laughing