The US Department of Energy has sold 7 million barrels of sweet, government-owned crude oil to at least five different companies, according to market sources. The oil, which was sold from three of the Strategic Petroleum Reserve’s four sites along the US Gulf Coast, sold for prices between WTI cash + $1.50-$1.70/b FOB, according to sources. The crude was sold to Atlantic Trading & Marketing, Phillips 66, Marathon Petroleum, Motiva, and Trafigura, according to sources. Phillips 66 was sold the largest amount of crude, sources said. The five companies did not immediately respond to requests for comment Tuesday. Article continues below… US Marketscan provides you with a daily market overview of the major refined products in the United States delivered via e-mail. It carries spot prices for all key products traded in the US market. Gasoline, heating oil, jet fuel, residual fuel and naphtha prices are listed for the […]