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U.S. to release 15 million barrels of oil from nation’s strategic reserves

AP News 10/19/2022

President Joe Biden is expected to announce the release of 15 million barrels of oil from the U.S. strategic reserve in response to the decision by OPEC+ nations to cut production. Mr. Biden will announce plans for the government to replenish its reserves when oil prices are at or lower than $67 to $72 a barrel.

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