Oil tumbles as Biden considers releasing 180 million barrels from US reserves - News24

Oil tumbled on signs the Biden administration is considering tapping US reserves in a potentially massive release to tackle rising inflation and supply shortages following Russia’s invasion of Ukraine.

• The US is said to be considering a release of roughly 1 million barrels of oil a day for several months
• US Presdent Joe Biden has already ordered two large releases of oil from US res… [+3286 chars]
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