The US is exploring ways to release additional oil from strategic reserves to bring down rising fuel prices, Bloomberg said, citing sources.

"The administration of US President Joe Biden is exploring ways to reduce the rise in oil prices later this year, including the possibility of freeing up additional volumes from the country's strategic reserves," the report said.

According to the interlocutors of the agency, in December, oil prices may go up after Europe refuses Russian energy carriers, which will cause an additional increase in demand on the world market and an increase in prices.

In the event that a decision is made to use strategic reserves, this can be done in November, December and January.

bbabo.Net