U.S. To Release 50 Million Barrels Of Oil From Reserve - White House

"WASHINGTON - The White House on Tuesday said it would make 50 million barrels of oil available from the U.S. Strategic Petroleum Reserves to help cool oil prices.

The release, a combination of a loan and a sale from the reserve was being in made concert with other releases from strategic reserves by China, India, South Korea, Japan and Great Britain, the White House said."

Timothy Gardner reports for Reuters November 23, 2021.


"Biden to announce U.S. will release oil from the Strategic Petroleum Reserve" (CBS News)

Source: Reuters, 11/23/2021