U.S. to tap strategic oil reserve in 'rare move'

U.S. TO TAP STRATEGIC OIL RESERVE IN 'RARE MOVE'

Reuters ยท Published 3 days ago

The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in a coordinated move with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers rebuffed calls for more crude. Fred Katayama reports.