“Commodity markets have their ups and downs,” he said, with an audible sigh. “You've got to be an optimist.”But if the price of oil doesn't get back above $35 , which it passed heading downward this week, he said, “we would see significant impacts. It's a very serious matter to us.”
US oil companies to slash spending amid Saudi-Russian trade war
United States News News
The US government buying petroleum is unlikely to assuage US oil prices, unless Saudi Arabia or Russia also scale back production