The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help tame surging prices stemming from the Iran war.
The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help tame surging prices stemming from the Iran war.
The Marathon Petroleum Corp. Anacortes Refinery in Anacortes, Washington, US, on Friday, March 6, 2026. US crude futures ended the week above $90 a barrel, more than $20 above last Friday, and notched the biggest weekly percentage gain on record in data going back to the 1980s.