SAN FRANCISCO (MarketWatch) -- The Energy Department canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires, the Associated Press reported Friday. The Energy Department will not sign contracts for new shipments of 76,000 barrels of oil a day for the six-month period beginning July 1, the news agency said. The reserve is 97% full, holding 701 million barrels of crude.
http://www.marketwatch.com/news/stor...111E5%7D&dist=
http://money.cnn.com/2008/05/16/markets/oil/index.htm