US, allies launch 60M barrels of oil from stockpiles

The US and its allies agreed on Tuesday to a coordinated launch of 60 million barrels of oil as costs surge amid the Russia-Ukraine battle, however it did not quell rising costs. 

The Worldwide Vitality Company (IEA), which represents the consortium, says the withdrawal will come from the worldwide strategic petroleum reserves led by the US, which can add 30 million barrels. 

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“The state of affairs

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