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U.S. may begin refilling emergency oil reserve when crude falls below $80/barrel -Bloomberg

U.S. may begin refilling emergency oil reserve when crude falls below $80/barrel -Bloomberg

Reuters · 09/13/2022 13:33
U.S. may begin refilling emergency oil reserve when crude falls below $80/barrel -Bloomberg

- The United States may begin refilling its emergency oil reserve when crude prices fall below $80 per barrel, a Bloomberg reporter said on Twitter, citing unnamed sources.

The Biden administration this year started releasing oil from the Strategy Petroleum Reserve to lower fuel prices and pare energy inflation.





(Reporting by Ismail Shakil
Editing by Chris Reese)

((ismail.shakil@tr.com;))