- FOX NEWS - Caitlin McFall - NOV 23, 2021 -
U.S. taps 50 million barrels of oil from reserves in an attempt to tamper spiking costs at the gas pump
The White House said the Department of Energy will release 50 million barrels of oil held in U.S. reserves — 18 million of which have already been congressionally approved for sale.
China and India have been actively purchasing U.S. sour crude oil produced in the Gulf of Mexico, first reported Bloomberg.
Sour crude oil contains high levels of sulfur, which reportedly makes it more expensive to process and traditionally turns buyers away.
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