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FX.co ★ US is not ready to use emergency oil reserves after Saudi attacks

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Forex Humor:::2019-09-22T20:56:17

US is not ready to use emergency oil reserves after Saudi attacks

Oil reserves have strategic implications and require a careful approach. That is why the United States is cautious about the issue. According to US Secretary of Energy Rick Perry, the White House is using the waiting game strategy Besides, it is not ready to deploy the country's emergency oil resources to offset any disruptions to oil markets after attacks on oil facilities in Saudi Arabia.

To avoid rush acts, Donald Trump’s administration has decided to wait on tapping oil reserves. However, the American leader is ready to use them if necessary to reinforce financial holes. Based on economic calculations and positive statistics, the United States is sure that the oil market is stable and won’t face any serious disruptions.


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