Biden just caused an oil rally

[Fraser921]

Senior US Energy Dept Official: US To Purchase 3M/bbls Of Oil For SPR For Delivery In Feb

First Repurchase Of Crude For SPR Since Record 180M/Bbl Release

sold 180 m , will buy 3 m

180/3 is 60 months .. will take 5 years to refill

[willvanam]

Notice mkt sold right off after initial pop. If they really needed to would it be a problem to get long 180k contracts across curve? Probably not