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US President Joe Biden will soon announce the release of a record amount of oil from US strategic reserves.
The news was announced by the White House, which announces that one million barrels per day will be released on the market from US reserves for the next six months.
She hopes the move will reduce the rise in fuel prices in the wake of the Russian occupation of Ukraine.
Oil prices began to fall earlier in the day after reports emerged that the US was considering using its oil reserves.
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