The U.S. Energy Department said on Wednesday it will sell 10 million barrels of oil from the government’s emergency crude reserves in late February.
The sale from the Strategic Petroleum Reserve (SPR) was required by a law passed last year as a way to help increase funding for medical research. The law mandated sales of 25 million barrels from the SPR over three years, starting with the sale of 10 million barrels this year.
