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US to loan 53.3 million barrels of oil from Strategic Petroleum Reserve
Mon, 11th May 2026 21:14
May 11 (Reuters) -
The Trump administration said on Monday it will loan energy companies 53.3 million barrels of crude from the U.S. Strategic Petroleum Reserve as part of a global agreement to calm oil markets that have spiked on the U.S.-Israeli war with Iran.
The Department of Energy last month offered up to 92.5 million barrels from the reserve.
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