US weighs massive release of oil to combat inflation; crude falls sharply

March 31, 2022 8:53 AM

BENGALURU (REUTERS) – The Biden administration is considering a plan to release roughly a million barrels of oil a day from United States reserves for several months, Bloomberg News reported on Wednesday (March 30).

Source : https://www.straitstimes.com/business/economy/us-weighs-massive-release-of-oil-to-combat-inflation-crude-falls-sharply