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Oil markets 'remain well supplied', US source says

ReutersMar 2, 2026 4:37 PM

- Selling oil from the U.S. Strategic Petroleum Reserve after the U.S. and Israeli attack on Iran is 'not currently being discussed', a U.S. source said on Monday.

"Oil markets remain well supplied", the source said.

The SPR, held on the coasts of Louisiana and Texas, is the world's largest emergency oil stockpile, currently holding more than 415 million barrels of crude.

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