October 7, 2023
As geopolitical tensions now spread across the Middle East, oil prices are likely to spike even further.
Meanwhile, the US Strategic Petroleum Reserves (SPR) have 17 days of supply remaining, their lowest in history.
This is roughly half the historical average of ~33 days… pic.twitter.com/QGAspUXsUR
— The Kobeissi Letter (@KobeissiLetter) October 7, 2023
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