America lends 53.3 million barrels of oil from its strategic reserve to energy companies

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May 11 (Reuters) - The administration of U.S. President Donald Trump announced on Monday that it will lend energy companies 53.3 million barrels of crude oil from the strategic reserve, as part of a global agreement aimed at calming crude markets that have seen a sharp rise in the wake of the U.S.-Israeli war with Iran.

Last month, the Energy Department offered up to 92.5 million barrels of reserves.


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