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Event Brief

Oil From US Reserves Started Flowing Friday

US Energy Secretary Chris Wright announced that oil from the US strategic reserve began flowing on Friday afternoon.
WHO: Chris Wright
WHAT: Oil from the US strategic reserve started flowing
WHEN: Mar 23, 2026 at 10:29 AM ET
WHERE: Houston
WHY: Prices have not risen high enough yet to drive meaningful demand destruction.
Sources (1): Bloomberg

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