Oil: the United States draws on its strategic reserves, in coordination with other countries

Oil: the United States taps into its strategic reserves , in coordination with other countries

MISE & Agrave; DAY

The United States and other countries, in a coordinated initiative presented as unprecedented by the Americans, will use their strategic oil reserves to try to lower the price of black gold, announced Tuesday the White House. & nbsp;

The world's leading economic power is going to market 50 million barrels of oil, according to a press release.

By increasing the supply, the United States and the other states hope to mechanically lower prices.

This operation is being done in parallel with other states that are big consumers of black gold, in particular China , India, Japan, South Korea or the United Kingdom, according to the White House.

A senior official in the American administration assured that such coordination was a first

His attempts to pressure producing countries, especially Saudi Arabia, to increase their supply have so far failed.

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