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The Wall Street Publication > Blog > Business > U.S. Joins With China, Other Nations in Tapping Oil Reserves
Business

U.S. Joins With China, Other Nations in Tapping Oil Reserves

Last updated: November 23, 2021 8:15 pm
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U.S. Joins With China, Other Nations in Tapping Oil Reserves
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WASHINGTON—The U.S. and five other countries including China will tap their national strategic petroleum reserves in an attempt to bring down gasoline prices that have become a sore spot with motorists and a big contributor to inflation, the White House said.

The release had been anticipated for weeks as the White House grappled with how to address rising prices for gasoline, groceries and other consumer products that have clouded prospects for President Biden’s agenda.

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