America continues to accumulate oil reserves

By RockedBuzz 1 Min Read

The US Department of Energy introduced on Friday that it had signed a contract for a complete of three million barrels of oil till subsequent March. They beforehand had a contract for the same amount with supply in February. The US authorities has already purchased practically 9 million barrels of oil at a median value of $75, and one other 4 million barrels have been acquired by trade. With these, they need to replenish the reserve, of which 180 million barrels have been used up for the reason that outbreak of the battle in Ukraine.

Cover picture supply: Shutterstock

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