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Obama releasing 30M barrels from US oil reserves

June 23, 2011
THE ASSOCIATED PRESS

WASHINGTON - Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.

 
 
 

 

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