Oil prices climb as Trump pledges to refill strategic petroleum reserve

President Trump stated the Strategic Petroleum Reserve would be filled up quickly, as it is currently at a low level.

The U.S. Administration will fill up fast the Strategic Petroleum Reserve (SPR), President Donald Trump said at an investment conference in Miami.

“We’ll fill it up fast, but it’s at the lowest level. When we made the transition, it was at the lowest level in history, ever recorded,” President Trump said.

“They put it all out because they thought they could keep gasoline prices down a little bit, just go past the election, and after that, they didn’t care,” the President added, criticizing Joe Biden’s administration for failing to curb the hikes in gasoline prices.

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Source: Oil Price

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