US to release 50 million barrels of oil to ease energy costs
US to release 50 million barrels of oil to ease energy costs
By JOSH BOAK and COLLEEN LONG
WASHINGTON (AP) — President Joe Biden on Tuesday ordered 50 million barrels of oil released from the strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including China, India and the United Kingdom.
The move is aimed at global energy markets, but also at voters who are coping with higher inflation and rising…