US Energy Sec. Perry: Global oil market is stressed from standpoint of supply

Eren Sengezer FXStreet

U.S. Energy Secretary Risk Perry is out on the wires, providing the key quotes found below, via Reuters.

U.S. Needs to make sure domestic steel industry not at risk in any global trade disputes.
Not ready to make a statement yet on potential coal, nuclear bailout.
Global oil market is stressed from standpoint of supply
U.S. Going to do everything it can to keep gasoline prices reasonable.
OPEC and non-OPEC deal to boost output "May be a little short" of what is needed.
Strategic petroleum reserve is for emergencies like hurricanes not for use as a market manipulator.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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