PETALING JAYA: The prices of crude oil will only drop slightly should the United States decide to release part of the country's 727 million barrels under its Strategic Petroleum Reserve (SPR) to support the still fragile economic recovery.
Singapore-based analysts told StarBiz that the surging prices of oil were not due to a supply crunch but concerns over troubles in north Africa and the Middle East, which accounted for nearly two-thirds of proven oil reserves.
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