SPR update for those not watching - Final dates and values! In case you missed it!
We have two releases left planned by the DOE (total 65 days left) don't forget the pause in the middle!
Also the last release is less barrels...so make a note of this also
Current Release 45.0M barrels committed (19 days left)
From Jun 15-Jul 31 (average 6.5m/wk) (current pace so far 6.64m/wk)
Break (No releases from Aug 1 to Aug 15th) 2 weeks (note for the API/EIA reports) some may not be paying attention to this....no draw from SPR....so watch commercial stocks!
Final Release 38.9M barrels committed (46 days)
From Aug 16-Sep 30 (average down to 5.5m/wk)