The USA starts using national reserves to lower oil prices

While the USA is struggling with high inflation, it is also trying to rein in oil prices, which are the basis of price increases.

The US is expected to start using oil from national reserves today, as part of the steps it plans to take in coordination with major Asian countries to reduce oil prices.

According to a news source speaking to Reuters, some oil in the USA Strategic Petroleum Reserve will be released in a "barter" transaction.

U.S. President Joe Biden, who wanted to comfort the voters, who were disturbed by high fuel prices and inflation, before the Congress elections next year, asked China, India, South Korea and Japan to release oil from the reserves to the market together with the USA.