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Biden Administration to Buy Three Million Barrels of Oil

The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help tamp down energy prices, which soared after Russia’s invasion of Ukraine.

Clifford Krauss
Author: Clifford Krauss

Written by

Clifford Krauss

in

Energy Department, Oil (Petroleum) and Gasoline, Prices (Fares, Fees and Rates), Russian Invasion of Ukraine (2022), Strategic Petroleum Reserve (US), United States Politics and Government
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