WASHINGTON (Reuters) – The Biden administration is weighing a draw of oil from emergency reserves of up to 180 million barrels over several months, two U.S. sources said on Wednesday.
The move is an attempt to control oil prices that have shot over $100 a barrel on Russia’s invasion of Ukraine and on high global demand.
(Reporting by Timothy Gardner and Jarrett Renshaw; Editing by Muralikumar Anantharaman)
