RE:RE:New 10 Millon bbl SPR release for November announcedAt the average depletion rate that buys them about 2 weeks extra time so mid November - just after the election. lol.
Thats only 2 months away.
Somehow the WTI market is supposed to cough up an extra almost 1 million barrels per day supply between now and then?
I don't buy into the idea demand destruction will be that meaningful at least not in just two months.