Biden is sure oil will hit $100. So the 26M SPR release plan Literally, US knows that Russian output will naturally drop now even if Russia has no intentions to cut production. So this new stunt from Biden admin that they will sell 26M barrels from the SPR. This is to play down the huge oil price hike going to happen in next couple of days!
Stay strong with your holdings and it will be rewarded huge. WTI-WCS differential is already dropping big time. That indicates HS is stocking up from Canada now. So their EIA / inventory reports are not much trustable either.