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Day: November 25, 2021

U.S. to release oil from reserves to lower gas prices

President Joe Biden announced on Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort by energy-consuming nations to slow the rapid rise in fuel prices that is expected in 2021. The coordinated release by the United States, India, China, Japan, the Republic of Korea, and the United Kingdom is the first of its kind.

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