Biden The Master Oil Trader Part IV? President Loads Up On Millions Of Barrels To Refill Emergency Stash In 'One Of The Best Oil Trades In History'
Biden The Master Oil Trader Part IV? President Loads Up On Millions Of Barrels To Refill Emergency Stash In 'One Of The Best Oil Trades In History'
President Joe Biden and his administration purchased an additional 6 million barrels of crude oil earlier this week.
喬·拜登總統及其政府本週早些時候額外購買了600萬桶wti原油。
The acquisition is meant to fill the Strategic Petroleum Reserve. The price tag came in at an average price of $68.56 per barrel, according to Patrick De Haan aka @GasBuddyGuy on X.
這一收購旨在填補戰略石油股。價格標籤爲每桶平均68.56美元，據Patrick De Haan（亦稱@GasBuddyGuy）在X上稱。
This is just the latest move in a series of oil trades executed by Biden's administration to stabilize the market.
這只是拜登政府執行的一系列石油交易中的最新舉措，旨在穩定市場。
Read Also: Brent Crude Oil Prices Rise Amid Geopolitical Tensions
閱讀更多：地緣政治緊張局勢升級，布倫特原油價格上漲
The Context: In 2022, Biden ordered the release of more than 100 million barrels of oil from the SPR after Russia invaded Ukraine. That created a supply shock in the oil markets. At the time, oil sold for more than $100 per barrel.
But, through the release of oil from the SPR, Biden's administration managed to calm the markets, with oil returning to a more normal price of around $80 per barrel. Since then, Biden's team has used periods of weakness in the oil markets to repurchase oil to refill the reserve after releasing a significant amount in 2022.
"DOE announces another 6 million barrels of crude oil have been purchased for the SPR, for delivery Feb thru May of 2025," De Haan tweeted Monday. "DOE has now purchased over 55 million barrels to refill the SPR."
背景：2022年，俄羅斯入侵烏克蘭後，拜登下令從戰略石油儲備中釋放1000萬桶以上的石油。這在石油市場中造成了供應衝擊。當時，石油價格超過每桶100美元。
但是，通過釋放戰略石油儲備中的石油，拜登政府成功平息了市場，使石油價格回歸到每桶80美元左右的較爲正常水平。自那時起，拜登團隊利用石油市場價格走弱的時機回購石油，以填補2022年釋放了大量石油後的儲備。
「DOE宣佈已購買另外600萬桶wti原油用於戰略石油儲備，交付日期爲2025年2月至5月，」 De Haan在週一發推文稱。「DOE已購買超過5500萬桶用於填充戰略石油儲備。」
BREAKING: DOE announces another 6 million barrels of crude oil have been purchased for the SPR, for delivery Feb thru May of 2025. DOE has now purchased over 55 million barrels to refill the SPR.
— Patrick De Haan ️ (@GasBuddyGuy) September 30, 2024
重要新聞：DOE宣佈已購買另外600萬桶wti原油用於戰略石油儲備，交付日期爲2025年2月至5月。DOE現已購買超過5500萬桶以填補戰略石油儲備。
—— Patrick De Haan ️ (@GasBuddyGuy) 2024年9月30日
Quoted: Todd Campbell, the editor-in-chief of TheStreet, responded to De Haan's tweet, saying Biden's move "has to be one of the best oil trades in history."
While the administration still has not fully refilled the SPR to its pre-Russia invasion levels, the trades showcase how governments may intervene to help stabilize markets in times of uncertainty. When Biden originally released millions of barrels of oil from the SPR, gas prices were skyrocketing, putting pressure on American consumers.
The release from the SPR led to a 40-cent-per-gallon decrease in gas prices, according to the Department of Energy. Now, as gas prices have returned to relatively normal levels, the administration's focus has shifted to refilling the SPR.
On Wednesday, the United States Oil Fund (NYSE:USO), a fund that roughly tracks the price of oil, fell by more than 2% intraday amid ongoing unrest and uncertainty in the Middle East. The Energy Select Sector SPDR Fund (NYSE:XLE) also fell early in the trading day, but erased some of those losses and was in the green as of late in Wednesday's session.
Keep Reading:
TheStreet的總編輯託德·坎貝爾(Todd Campbell)在回應De Haan的推文時表示，拜登的舉動"必須是歷史上最佳的石油交易之一"。
儘管政府尚未完全將SPR重新填滿至俄羅斯入侵前的水平，但這些交易展示了政府如何可能在不確定時期干預以幫助穩定市場。在拜登最初從SPR釋放數百萬桶石油時，燃料價格飆升，給美國消費者施加壓力。
根據能源部的數據，SPR釋放導致每加侖燃料價格下降40美分。現在，隨着燃料價格已恢復到相對正常水平，政府的重點已轉向重新填充SPR。
上週三，美國石油基金(紐約證券交易所：USO)（大致跟蹤石油價格的基金）在中東持續動盪和不確定性中下跌超過2％，而能源選擇板塊SPDR基金(紐約證券交易所：XLE)也在交易日初期下跌，但抹去了一些損失，並且在週三晚間的交易中處於上漲狀態。
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