US eyes oil reserves release as prices surge on Russia-Ukraine crisis

February 24, 2022 7:53 AM

WASHINGTON (BLOOMBERG) – The Biden administration is considering tapping its emergency supply of oil again in coordination with allies to counter a surge in prices brought on by Russia’s moves against Ukraine, according to two people familiar with the matter.

Source : https://www.straitstimes.com/business/economy/us-eyes-oil-reserves-release-as-prices-surge-on-russia-ukraine-crisis