US plans to buy 1.2 million barrels of oil for Strategic Petroleum Reserve
November 13, 2023
The U.S. plans to buy 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after it sold off the largest amount ever last year, the Energy Department said on Monday.
The department said the planned purchase for the oil is at an average price of $77.57 a barrel from two companies after 18 bids were submitted.
