Financial Post | US Energy Department to Buy Oil for Strategic Reserves Wall Street Journal WASHINGTON—The Energy Department on Friday announced it was buying up to five million barrels of oil for the U.S. strategic petroleum reserve, a federally owned stockpile of oil that is available in case of an emergency or sudden disruption in oil supply. Falling crude oil prices' impact on U.S. economy IEA warns oil collapse has yet to run its course as producers run out of space ... Oil is back in the doldrums as the IEA warns of glut |