As geopolitical tensions now spread across the Middle East, oil prices are likely to spike even further.
— The Kobeissi Letter (@KobeissiLetter) October 7, 2023
Meanwhile, the US Strategic Petroleum Reserves (SPR) have 17 days of supply remaining, their lowest in history.
This is roughly half the historical average of ~33 days… pic.twitter.com/QGAspUXsUR
News of the day 8/14/2026
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