Skip to content

How To Play The White House’s New Oil Price Floor

To help hold down fuel and energy prices, the Biden administration has been selling oil out of the Strategic Petroleum Reserve (SPR), to the tune of three million barrels per week since the start of the year.

Now, with the SPR at its lowest level since the 1980s, the administration’s plan to refill the reserve will prop up profits in the energy patch.

That’s creating some nice profit opportunities…

This post originally appeared at Investors Alley.