Page 45 - Spr News Today

The Biden Administration sold a lot of oil from the Strategic Petroleum Reserve last year, and buying it back now would represent a major profit.

Stronger dollar is also fuelling the sell-off

Before plunging on Friday morning, oil prices had recovered somewhat from last weeks crash, but the lack of demand from the SPR capped that rebound.

Oil prices may be trading in a sweet spot for buyers, but it will take years to replenish the nation’s Strategic Petroleum Reserves, U.S. Energy Secretary Jennifer Granholm said

Three terrorists have been killed while three Pakistan Army soldiers were martyred after an attack on police check post in Dera Ismail Khan.

Brigadier Mustafa Kamal Barki and his team put up a valiant resistance against the terrorists, says ISPR

Security forces conducted an intelligence-based operation in Balochistan's Chaman district to clear a suspected hideout of militants, the ISPR said

ISPR says security forces had laid multiple ambushes for them along different routes

A large cache of arms and ammunition also recovered from the terrorists, says ISPR

Security forces gunned down three terrorists in a gun battle during an IBO conducted in South Awaran, Balochistan, said ISPR.