Trump Admin. Said Considering Tapping U.S. Emergency Oil Reserve - Bloomberg

(Updated - July 13, 2018 2:24 PM EDT)

The Trump administration is actively considering tapping into the nation's emergency supply of crude oil, as political pressure grows to rein in rising gasoline prices before mid-term elections, according to Bloomberg, citing two people familiar with the situation. No decision has been made.

Options being considered range from a 5-million-barrel test sale to a larger release of 30 million barrels.

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