WASHINGTON — President Joe Biden will announce an additional release of crude oil from the Strategic Petroleum Reserve Wednesday in the range of 10 million to 15 million barrels, sources familiar with the plan told CNBC.

The move aims to extend the current SPR delivery program, which began this spring, through December, the sources said.

That EU embargo on Russian oil Slated to take effect on December 5, and the White House release is said to be some of the…



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