President Biden announced in late March 2022 that the US would release one million barrels of crude oil a day from the SPR to relieve energy prices amidst the Russian war with Ukraine (CNBC, Energy.gov). The question will be suspended on 31 December 2022 and the outcome determined using data as reported by the US Energy Information Administration (EIA) when first released for December 2022, expected in February 2023 (EIA). For December 2021, ending stocks totaled 593,682 thousand barrels.

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