US suspends 12 million-barrel SPR sale due to drop in oil prices

摘要

Washington—The US Department of Energy has suspended a sale set for later Tuesday of up to 12 million barrels of government- owned crude, due to the recent crash in global oil prices, an agency spokeswoman said. “In light of the recent fluctuations in global oil markets, the US Department of Energy is suspending the recently announced sale of crude oil from the Strategic Petroleum Reserve,” Jess Szymanski, a DOE spokeswoman, said in a statement. “Given current oil markets, this is not the optimal time for the sale.”