Crude has slipped after Jennifer Granholm, US Energy Secretary said that SPR refills will take years and that it will be difficult to refill in the $70/bbl range this year.

• US officials had previously said they would start refilling the SPR when WTI was around the $70/bbl range which has helped to act as a price floor but now crude has reached that range there has been a reluctance to commit to purchases.
• Brent MAY 23 up 0.1% at 76.76$/bbl
• WTI MAY 23 down 0% at 70.88$/bbl