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CommodityOilPrice.com

U.S. Dips Into Strategic Oil Reserve Again Amid Supply Disruptions

The United States is dipping into its Strategic Petroleum Reserve again, this time to keep crude flowing to a Louisiana refinery while oil prices climb above $117 per barrel. The reserve, meanwhile, is already at its lowest level since 1982. The Department of Energy on Friday authorized an emergency exchange of up to 400,000 barrels to Phillips 66's Lake Charles refinery, citing a temporary…

CommodityOilPrice.com

Why Trump and Carney Haven’t Touched Energy in Their Tariff War

The United States and Canada are locked in an energy trade war – sort of. Although United States President Donald Trump and Canadian Prime Minister Mark Carney have lobbed plenty of blisteringly high tariffs, not to mention threats and insults, at each other over the course of their respective tenures, they have not touched one very important commodity – oil and gas. This is because the nations…

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