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US Unleashes Another Wave of Emergency Oil as Gas Prices Bite
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US Unleashes Another Wave of Emergency Oil as Gas Prices Bite

Bloomberg Markets · May 11, 2026, 10:06 PM

The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help tame surging prices stemming from the Iran war.

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