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The U.S. Strategic Petroleum Reserve is the world’s largest emergency stockpile of crude oil, but talk of a release from the reserve may be only a short-term fix to high prices of oil and gasoline.
“Tapping the SPR will only address the symptoms of what is driving prices higher and cannot solve the tightness in the market,” Matthew Parry, head of long-term analysis at Energy Aspects, told MarketWatch.
During…
This post was originally published on Market Watch
