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Biden Administration to Buy Three Million Barrels of Oil

The New York Times – Business:

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

This post first appeared in The New York Times – Business. Read the original article.

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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