Economy/Business News Alert: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve

---------------------------------------- Economy/Business News Alert: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve June 23, 2011 9:43:15 AM ---------------------------------------- The Obama administration announced Thursday that it would release 30 million barrels of oil from the emergency Strategic Petroleum Reserve, citing the loss of oil production as a result of the conflict in Libya and the upcoming energy demands of the summer season. The step, amid signs that rising fuel prices is hampering the economic recovery, is part of a global coordinated action that will release a total of 60 million barrels of oil. http://link.email.washingtonpost.com/r/YLCS8G/5C5NF0/SGM7FT/4FXXTR/BBFUI/82/h For more information, visit PostBusiness.com ---------------------------------------- Get The Washington Post app for iPad, iPhone or iPod Touch. http://itunes.com/apps/thewashingtonpost ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071