Biden to Tap Oil Reserves in Bid to Tame High Fuel Prices

WASHINGTON—President Biden said he would tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel prices, an unprecedented government intervention into oil markets at a time of international crisis.

“Bottom line is that if we want lower prices, we have to have more oil supply right now,” Mr. Biden said from the White House.

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