Building Up Oil Reserves For A Crisis, Not To Control Distillate Prices During Elections

<p>The crude oil price is hanging around $90 and had the biggest down day yesterday since mid October. "There has been a quiet week in the commodities as investors are focused on the mid-term election. On one hand the OPEC+ disappointed the Biden administration by announcing a 2M barrel a day cut. On the other hand, we have heard a lot about inflation and high prices at the pump and the Biden administration has been putting out a 1M barrel a day from the strategic reserves," says Kurt Nelson.</p>