Tapping SPR Plays Into OPEC’s Hands, BofA’s Blanch Says

Tapping SPR Plays Into OPEC's Hands, BofA's Blanch Says

Francisco Blanch, BofA Global Research head of global commodities and derivatives research says President Joe Biden’s use of the Strategic Petroleum Reserve to lower energy prices will be counterproductive, leaving the US “more in the hands of OPEC+” in the future. Blanch speaks on “Bloomberg The Open.”

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