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They had plans to make a purchase to fill the reserve last month before the price went negative today, and they only had about 10 percent of the reserve free at
by stevenwoo 7y ago
They had plans to make a purchase to fill the reserve last month before the price went negative today, and they only had about 10 percent of the reserve free at that time:
https://www.fool.com/investing/2020/03/13/trump-announces-massive-oil-purchase-for-strategic.aspx https://www.fool.com/investing/2020/03/13/trump-announces-ma...
- Natsu 7y agoI heard that was announced, but funding for that never materialized, so I'm not sure they got a chance to actually do that.