United States President Joe Biden has ordered 50 million barrels of oil released from America's strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including India, the United Kingdom and China.
The US action is aimed at global energy markets, but also at US voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel.
US petrol prices are at about US$3.40 a gallon ($1.24/L), more than 50 per cent higher than a year ago, according to the American Automobile Association.
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