Biden Admin. Cancels Oil Purchase for US Reserve as Crude Prices Jump

Biden Admin. Cancels Oil Purchase for US Reserve as Crude Prices Jump

WASHINGTON (Sputnik) – Surging crude prices have forced the Biden administration to postpone the refilling of the US oil reserve, with the Energy Department reportedly saying on Wednesday that it will not pursue a 3-million barrel purchase in “taxpayers’ interest” and analysts adding that the situation would likely continue.

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