On October 5, local time, the White House issued a statement saying that under the direction of President Biden, the Department of Energy will provide an additional 10 million barrels of oil to the market from the Strategic Petroleum Reserve next month.
Biden also called on U.S. energy companies to continue to lower oil prices by closing the gap between wholesale and retail gasoline prices.
On the same day, the 33rd ministerial meeting of "OPEC+" decided to reduce the total oil production by an average of 2 million barrels per day (2mb/d) from November 2022.
The production cut is equivalent to about 2% of global oil demand.
Brent rose more than 1 percent to nearly $93 a barrel on the news.
U.S. crude rose 1.5% to $87.75.
It is reported that the United States once asked OPEC not to cut oil production.
(Headquarters reporter Zhang Yingzhe)