US to release 50 million barrels of oil to ease energy costs



The US is releasing 50 million barrels of oil from its strategic reserves as part of a coordinated effort with several other nations to tackle soaring fuel prices and combat inflation.
President Biden made the announcement after coming under increasing pressure to act.
The US says the oil supply has not kept pace with demand during pandemic recovery, justifying tapping into reserves.

Al Jazeeras White House Correspondent @Kimberly Halkett reports from Washington, DC, the US.


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TV channel: Al Jazeera English



Published: 2021-11-24

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