Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The US SPR is getting alarmingly low. Increasingly, the SPR is involved in the US oil policy and the fiscal/budget policy.
In the WH announcement, notably item #2 implies using futures contracts, probably privately negotiated, not the public futures markets; or a mix of the two. Those futures prices are seen at CME for 2024 but there isn't any meaningful trading activity or volume in those futures.
