According to experts, the US administration has signaled a “new era” of activist interventions in international oil markets, with the White House increasingly willing to use its strategic crude stockpiles to steer global prices.

President Joe Biden this week approved the latest installment of a record withdrawal of 180 million barrels from the US Strategic Petroleum Reserve and directed his officials Prepare for further releases as the White House tries to keep prices under control ahead of halftime…



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