He stated this during a press conference at the White House.
“Based on the price of oil, I instructed the Minister of Energy to purchase a large amount of oil at a very good price for the strategic oil reserve. We will fill it to the very top, ”Trump said.
On March 9, oil prices fell by more than 30% after the OPEC + meeting, which ended with Russia's withdrawal from the deal.
The US Department of Energy stated that the United States intends to confront the instability caused by attempts by other states to “manipulate the oil markets”.