The Government Just Verbally Tapped The Strategic Petroleum Reserve

Breaking oil news …


Photo: Reuters

So basically the deal is: The government isn’t tapping the Strategic Petroleum Reserve yet. But the government is sending a warning to speculators, that if the price of oil gets too high, they’re going to come in with a big fat SELL order and depress the market.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In