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The Independent UK
The Independent UK
National
Matthew Daly

Biden delays plans to restock nation’s emergency oil reserve

Oil Joe Biden Energy the Energy Department United States
Copyright 2023 The Associated Press. All rights reserved.

The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel.

The Energy Department canceled a planned purchase of 6 million barrels for the strategic reserve this week, saying it wants to secure a good deal for taxpayers.

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