Oil
Crude prices pared losses after a strong labor market showed consumer pocketbooks are growing and remote work is declining. Earlier, WTI crude tumbled below the $100 level as energy traders digested the Biden administration’s third time of tapping the SPR, no surprises from an OPEC+ meeting on output and as Saudi Arabia oil shipments dipped in March.
The knee-jerk selloff from the SPR announcement of the release of 1-million barrels a day from the SPR over the next six months won’t have a
Apr 01, 2022
by Edward Moya
