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Biden Officials Mull Buying Oil At Around $80 To Refill Reserve
*Biden Officials Mull Buying Oil At Around $80 To Refill Reserve
— *seven (@sevenloI) September 13, 2022
Added at 1:39pm
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Scoop: The US may begin refilling the SPR, its emergency oil reserve, when crude prices fall below $80 a barrel, sources tell @SalehaMohsin @annmarie and me. Oil plunged to almost $81 a barrel last week.
— Jennifer Jacobs (@JenniferJJacobs) September 13, 2022
Added at 1:39pm
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This news comes after the Department of Energy released the most oil ever from its strategic stockpiles last week. The SPR is currently at its lowest level since 1984. https://t.co/u8unDkFcNd
— annmarie hordern (@annmarie) September 13, 2022