USA has released more than 50 million barrels of oil onto the global market

This move is part of the U.S. pledge to add 172 million barrels to the global market. This commitment, announced in March as part of an International Energy Agency initiative involving more than 30 countries, aimed to add a total of approximately 400 million barrels of oil to the global market.

According to the U.S. Department of Energy, approximately 35 million barrels of oil have already been released from the U.S. strategic reserve into the market to date.

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