The United States of America purchased 2.8 million barrels of crude oil to restore its reserves of oil reserves, after it carried out huge sales of its crude oil after the Russian-Ukrainian war.

The value of this purchase amounted to $226 million, or $81 per barrel, which is higher than the desired rate of $79 per barrel.

US oil stocks are suffering from a shortage estimated at about 50% of their previous capacity before 2022, in which they sold 180 million barrels of oil, but starting from 2023 until now, the United States has purchased a total of 32.3 million barrels of crude oil. The US oil reserve is now estimated at 363 million barrels, up from 600 million barrels in 2022 before the Russian-Ukrainian war.

The US Department of Energy decided – in addition to purchasing oil barrels to restore its oil reserves – to cancel future sales of oil, which were estimated at about 140 million barrels.