Home » Economy » US may start refilling oil reserves when price drops below $80 By Reuters

US may start refilling oil reserves when price drops below $80 By Reuters

by Alexandra Hartman Editor-in-Chief

© Archyde.com.

(Archyde.com) – A Bloomberg reporter said on Twitter, citing sources, that the United States may start refilling its emergency oil reserves when crude prices fall below $80 a barrel.

This year, the administration of US President Joe Biden began releasing oil from the Strategic Petroleum Reserve with the aim of lowering fuel prices and curbing energy price inflation.

(Prepared by Noha Zakaria for the Arabic Bulletin – Edited by Mustafa Saleh)

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