Bloomberg | Oil Holds Below $71 on Prospect of US and OPEC Boosting Output Bloomberg U.S. President Donald Trump's administration is said to be mulling the release of oil from the nation's 660-million-barrel Strategic Petroleum Reserve to stabilize rallying gasoline prices. Meanwhile, OPEC and its partners could increase production by ... Dipping into emergency oil reserves would be a mistake for US, Iranian official warns Trump Record Oil Production Doesn't Free US From Global Market Crude Oil Price Forecast: Trade Fears Dominate |