US Energy Department: We have no plans at this time to tap into the SPR. Oil jumps

Spokesman says they have no plans to tap into oil supply

The Energy Dept is walking back yesterday's comments. In truth, the comments were 'all options are on the table' and didn't signal anything.

This is so typical of the oil market, which is so dumb at times. In any case, this is boosting oil.

Spokesman says they have no plans to tap into oil supply

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