US to release 40 million barrels of crude from Strategic Petroleum Reserve

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US to release 40 million barrels of crude from Strategic Petroleum Reserve The US energy department said on Tuesday it is offering to loan energy companies 40 million barrels of oil from the Strategic Petroleum Reserve, in an effort to control soaring fuel prices ahead of the US midterm elections. The US agreed in March to loan 172 million barrels of oil from the SPR as part of…