Biden to Tap Strategic Oil Reserves, as Crude Prices Drop

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Biden to Tap Strategic Oil Reserves, as Crude Prices Drop
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President Biden is expected to tap up to 180 million barrels of government oil reserves over the next six months to address rising energy prices, the White House said

President Biden will tap up to 180 million barrels of government oil reserves over six months to address the rise in energy prices followingstarting in May—an expected average of 1 million barrels a day—was made by the president after consulting with allies and partners, the White House said.

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