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The US Strategic Petroleum Reserve is back on the radar of commodity traders, as the Department of Energy sends conflicting signals about a major order. The SPR, which is presently at its lowest levels since the early 1980s, has an authorized capacity of up to 714 million barrels of crude, and moves to refill it can have a major impact on oil prices. Why is ...
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Iranian President Ebrahim Raisi and his foreign minister died when their helicopter crashed as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters on Monday (May 20). Hopes were fading that Raisi and his foreign minister survived a helicopter crash in mountainous terrain and icy weather, an Iranian official had told Reuters after ...