UPDATE 1-Big US oil supply to offset Mideast Gulf disruption

Newswire

(adds background on dispute with Iran, U.S. oil reserve) WASHINGTON, March 28 (Reuters) - The United States could use its large Strategic Petroleum Reserve to counter a short-term disruption in Middle East Gulf oil shipments caused by tensions with Iran, the head of the U.S. Energy Information Administration said Wednesday. "We have substantial emergency supplies" of oil to offset problems in Gulf shipping," EIA's Guy Caruso told reporters. Oil prices shot up this week as traders ...

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