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