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U.S. to release another 40 MMbbl from reserve as fuel prices surge

The U.S. ordered another release of oil from emergency reserves—and urged European nations to do likewise—as the Trump administration grapples with fuel prices that are surging less than two months before the midterm elections.   The U.S. will offer up to 40 MMbbl from the Strategic Petroleum Reserve, according to a statement from the Department […]