US agency sees oil price staying above $100 floor as Brent surges higher.

US demand increases, supply shortages push prices to 13-week highs

Inventory: US Strategic Petroleum Reserve is reporting a record drop in supply levels as oil prices increase — Inventory: US Strategic Petroleum Reserve is reporting a record drop in supply levels as oil prices increasePhoto: REUTERS / SCANPIX

Mark Passwaters

Houston

US Energy Information Administration Strategic Petroleum Reserve US West Texas Intermediate Brent Crude Americas

Published 8 June 2022, 18:19Updated 9 June 2022, 10:04