In an April 23 Barchart article, I wrote:
The U.S. administration failed to replace some barrels sold since the massive SPR release began in 2022. If oil prices return to the $100 level, the missed opportunity will become a tragic mistake as the U.S. will have far less ammo to combat rising petroleum prices over the coming months. I am bullish on crude oil and believe buying dips and price weakness will be optimal.
