Oil Holds Near $110 After Trump Delays Iran Strike

Oil prices steadied near $110 as Trump delayed planned action against Iran and Washington extended waivers for buyers of Russian crude. Historic SPR Drawdowns Propel US Crude to Global Markets - Record US SPR volumes are pushing out record volumes of US crude to the export markets, with May US oil exports potentially surpassing the 5.5 million b/d threshold for the first time in history. - A record 9.9 million barrels were drawn from the US Strategic Petroleum Reserve last week, lowering the total inventories held in US SPR sites to just 374 million…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com