U.S. Ready To Release Even More Crude From SPR

The United States is ready to release even more barrels of crude oil from its emergency stockpiles, a senior advisor from the State Department told CNBC today. The Biden Administration announced last week that it would release 50 million barrels of crude oil from the Strategic Petroleum Reserves to bring down gasoline prices. But according to Amos Hochstein, the U.S. State Department’s senior advisor for global energy security, the United States has enough to release even more. 32 million barrels of the 50 million barrels that will be released…