The pending sale of crude oil from strategic reserves in the United States should have no major impact on global markets, energy economists said. On Monday, the U.S. Energy Department said it would sell 8 million barrels of light, sweet crude oil from the Strategic Petroleum Reserve in January, but for actual delivery between March 1 and April 30. The release falls under a measure passed in December that allows for the sale of up to $375.4 million in crude oil for the SPR to finance its upkeep and modernization. As of Tuesday, there were 695.1 million barrels of oil stored in strategic reserves in the United States. The sale, meanwhile, would come at a time when analysts and investors are […]

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