U.S. Clears Second-Largest Ever Loan of Oil From Strategic Reserve

U.S. Clears Second-Largest Ever Loan of Oil From Strategic Reserve

(Bloomberg) -- The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to contain oil prices that have surged to their highest level since 2014.

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