The US intervenes in the market. There is a chance for cheaper fuel

President Joe Biden announced that he made the decision to release strategic fuel stocks. This move is an attempt to lower the prices of oil and fuels, the current level of which, according to the White House, threatens the post -andemic recovery of the economy.

The White House announcement indicated Joe Biden instructed the Department of Energy to prepare for the release of 50 million barrels of crude oil from the U.S. Strategic Fuel Reserve.

The Biden administration makes it clear that this move is aimed at lowering fuel prices and reducing the gap between the existing demand and the pandemic supply.

Importantly, the American move is to be coordinated with the release of fuel reserves by China, India, Japan, South Korea and the United Kingdom.

About Banner Leon

Videogames entered his life in the late '80s, at the time of the first meeting with Super Mario Bros, and even today they make it a permanent part, after almost 30 years. Pros and defects: he manages to finish Super Mario Bros in less than 5 minutes but he has never finished Final Fight with a credit ... he's still trying.

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