SPR S=Strategic? Hmm. At the margin USA will export its "strategic" reserve to Europe and China. Doesn't seem strategic to me. I'll suggest the antonym. Fateful,ominous.
Didn't we see a release of the kraken once already? Recently? And the impact was????? Nothing. Well, actually, oil went up anyway. Day trading, or week trading, is heLL. Good luck . As reported November 23, 2021 ....
"Today, the U.S. Department of Energy announced the release of 50 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). "
SPR crude oil will be delivered to successful bidders between December 16, 2021, and April 30, 2022,