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President Biden to announce release of 15 million barrels of oil from strategic reserve

Name: President Biden to announce release of 15 million barrels of oil from strategic reserve
Uploaded: 2022-10-19T12:00:54-0400
Duration: 5 min 5 s
Description: President Biden is releasing 15 million barrels of oil from the nation's strategic reserve in an effort to curb rising prices after OPEC+ announcing it would cut oil production. CBS News senior White House and political correspondent Ed O'Keefe explains how the administration plans to account for the oil it's taking from the reserve and how the move could affect the midterm elections.

President Biden is releasing 15 million barrels of oil from the nation's strategic reserve in an effort to curb rising prices after OPEC+ announcing it would cut oil production. CBS News senior White House and political correspondent Ed O'Keefe explains how the administration plans to account for the oil it's taking from the reserve and how the move could affect the midterm elections.