US releasing 50m barrels of oil from reserves
The White House says it is releasing 50 million barrels of oil from its strategic reserves. This is part of a coordinated effort with several nations to curb soaring fuel prices. The Biden administration has come under increasing pressure to act, with petrol prices more than doubling compared with a year ago. China, India, South Korea, Japan and the United Kingdom are also releasing oil from their reserves. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #US #Oil
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