Biden weighs 180 million bbl draw of oil from emergency reserves over months

Home world

Biden weighs 180 million bbl draw of oil from emergency reserves over monthsThe move is an attempt to control oil prices that have shot over $100 a barrel

Reuters

Last Updated 31 March 2022, 10:00 IST

US President Joe Biden. Credit: Reuters Photo

The Biden administration is weighing a draw of oil from emergency reserves of up to 180 million barrels over several months, two US sources said on Wednesday.

Also Read — Oil prices dive as Biden weighs massive reserves release

The move is an attempt to control oil prices that have shot over $100 a barrel on Russia's invasion of Ukraine and on high global demand.

Watch the latest DH Videos here:

(Published 31 March 2022, 10:00 IST)