US To Sell 10 Million Barrels Of Crude Oil From SPR Next Week

The US will sell another 10 million barrels of sour crude oil, the Department of Energy said on Wednesday in a Notice of Sale, according to S&P Global Platts. The Department of Energy will be accepting offers to purchase the crude through August 28, and  delivery must be taken between October 1 and November 30. The 10-million-barrel offering is the latest in a series of SPR sales under a mandatory sales program that seeks to sale 260 million barrels through 2027, and is not part of conscious act to influence the markets. The SPR holds…