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Oil Prices Climb as Trump Pledges to Refill Strategic Petroleum Reserve
President Trump stated the Strategic Petroleum Reserve would be filled up quickly, as it is currently at a low level.
The Biden administration previously released substantial amounts of oil from the SPR to manage gasoline prices.Drillers are hesitant to increase production without higher global prices.
Also this week, President Trump promised tax cuts for oil and gas producers.Crude Oil prices in Iraq today.
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