Market News: US Department of Energy Approves Emergency Release of Up to 4 Million Barrels of Crude Oil from Strategic Petroleum Reserves
2026-10-11 03:07:22
According to CoinMeta, market news: The U.S. Department of Energy has approved the emergency release of up to 4 million barrels of crude oil from strategic petroleum reserves to address supply disruptions caused by severe weather in the Gulf of Mexico region. The relevant companies will return the borrowed crude oil in 2027 and also pay an additional amount of crude oil as compensation.
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Source:Internet
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