Oil prices are now up ~30% in 2 months and back up to their highest levels since November 2022.
— The Kobeissi Letter (@KobeissiLetter) September 2, 2023
Last time oil prices were this high, the US Strategic Petroleum Reserve (SPR) had 240 million MORE barrels.
The SPR remains near its lowest levels since the 1980s.
Meanwhile, oil… pic.twitter.com/0IgcN1AdKo
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