Ample supply buffers US cargoes from price shock as Europe, Asia prices surge

Ample supply buffers US cargoes from price shock as Europe, Asia prices surge

Asia One·2026-04-17 12:02

HOUSTON/LONDON — US crude cargo prices have retreated from recent price spikes while prices in Europe and Asia continued to hit record highs almost seven weeks into the Iran war, as releases from the US Strategic Petroleum Reserve and Venezuelan imports cushion domestic supplies, analysts and traders said.

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