Tuesday, November 23, 2021

Biden Orders Release of U.S. Oil Reserves in Challenge to OPEC

 

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The U.S. will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India, South Korea and the U.K. -- an unprecedented, coordinated attempt by the world’s largest oil consumers to tame prices that risks a backlash by OPEC+.

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