Biden administration weighs massive draw from emergency oil reserve - sources ...Middle East

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Biden administration weighs massive draw from emergency oil reserve - sources
source : Devdiscourse ( Middle East ) () 47
The Biden administration is considering releasing 1 million barrels of oil a day for several months from the Strategic Petroleum Reserve (SPR), three U.S. sources said, as the White House tries to control gasoline prices. President Joe Biden deliver remarks on Thursday on his administration's actions, the White House said, as Russia's invasion of Ukraine and sanctions on Moscow have driven up the price of oil.

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