US to loan 40 million barrels of oil from reserves
pre-market1 source ↓written by the desknot a recommendation
- of oil
- 40 million barrels
- commitment to lend
- 172 million barrels
- release
- 400 million barrel
The United States will loan 40 million barrels of oil from its Strategic Petroleum Reserve to combat rising prices amid the ongoing Russia-Ukraine war and tensions with Iran. This follows a prior commitment to lend 172 million barrels, part of a broader 400 million barrel release by the International Energy Agency. The move aims to stabilize global energy markets during this crisis. ⚡
Not investment advice. For informational purposes only.