U.S. May Consider Another Strategic Petroleum Reserve Release, Bessent Says

Bessent said the United States may weigh another release from the Strategic Petroleum Reserve, a government emergency oil stockpile, to help keep oil prices down despite reserves being near record lows.

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Terms & Concepts
  • Strategic Petroleum Reserve: A U.S. emergency crude oil stockpile used to address supply disruptions and, at times, help stabilize energy markets.