Crude prices gain on reports of U.S. plan to refill its oil reserve
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 07 2025
0mins
Source: MarketWatch
Oil Futures Increase: Oil futures rose due to U.S. plans to refill the Strategic Petroleum Reserve, which is expected to tighten global supplies.
OPEC+ Production Decisions: Support for crude prices also came from a Russian deputy prime minister's statement that OPEC+ might reconsider its production increase if market conditions are unfavorable.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
