Biden set to release oil from emergency reserve in bid to lower US fuel prices
by Reuters from Economics | The Guardian on (#64VT8)
Biden said last week gas prices are too high, and announcement would market 14m extra barrels from strategic reserve
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month's congressional elections, three sources familiar with the matter have said.
Joe Biden's announcement is expected this week as part of the response to Russia's war on Ukraine, one of the sources said.
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