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About Commodity Insights
04 May 2022 | 16:32 UTC
By Meghan Gordon and Jack Bruce
Crude oil from the largest-ever drawdown of the US Strategic Petroleum Reserve starts hitting the market this month and will continue flowing through October.
The release of 180 million barrels in response to the war in Ukraine curbed oil price outlooks as refiners sought to replace Russian supplies.
Use this interactive tool to see how crude and fuel prices have reacted to past SPR drawdowns.
Latest SPR buyers pay average $105.60/b, reflecting high oil price expectations
US President Biden announces 1 million b/d SPR crude release for six months
Valero, Motiva, ExxonMobil take largest shares of US SPR's May-June sale