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Buy Low Sell High

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the staff of the Ridgewood blog

Washington DC , the U.S. government is closing out a winning trade. President Joe Biden opened the country’s strategic petroleum reserve  in 2022 in an effort to lower prices at the pump and wean Europe off Russian gas. After selling more than 200 million barrels to refiners in the mid-$90s, the Energy Department is now refilling in the mid-$70s.

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