Business & Economy

Biden announces the use of oil reserves

US President Joe Biden stressed that the rise in oil prices was caused by the producing countries that did not do what was necessary to increase production, noting that resorting to strategic reserves would not solve the problem of oil prices quickly, but would contribute to a gradual solution.
Biden considered, during a press conference today, that gasoline prices rose painfully in the United States, Europe and Asia.
He said that the United States will resort to the strategic reserve, as will India, Japan and Britain the same step.
Biden stressed that the US economy is recovering, and that his country is focusing on rebuilding, considering that there are sectors that have become better than they were before the pandemic.

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