Oil change

One of the many changes that Barack Obama's new administration is likely to introduce is a different way of managing the US Strategic Petroleum Reserve (SPR). Experts expect it to take a more markets-based stance - being more ready to release oil on to the market in the face of soaring prices, rather than only for an actual physical supply disruption deemed a national emergency. Due to the size of the SPR, such a policy could have a far-reaching effect on oil trading, in particular dampening pur