U.S. Buys 1.2 Million Barrels of Oil for Strategic Petroleum Reserve

The department said it bought the oil at an average price of $77.57 a barrel from two companies after 18 bids were submitted. The administration of President Joe Biden last year conducted the largest ever sale from the SPR of 180 million barrels, part of a strategy to stabilize soaring oil markets and combat high … Read more

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