Bloomberg's Charlie Pellet reports on the Trump administration's plan to release 172 million barrels from the Strategic Petroleum Reserve to ease fuel prices, as oil slides for a fourth day. Both Morgan Stanley and Goldman Sachs have cut price outlooks, with Goldman predicting Persian Gulf exports will reach pre-war levels by end of July. The SPR has fallen to its lowest level since 1983.
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Charlie Pellet 4.0
6/16/2026 1:25:18 PM
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Goldman predicts Persian Gulf exports will reach pre-war levels by end of July, and the SPR release is temporary, suggesting potential price recovery once supply concerns ease and demand normalizes.

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