11:54 - 20.10.2022

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October 20, Fineko/abc.az. The U.S. Administration is not trying to reduce the cost of oil to $70 per barrel, but only expresses its readiness to resume purchases of this energy carrier in its strategic reserve at this price level.

ABC.AZ reports with reference to the foreign media that White House Press Secretary Karin Jean-Pierre said this at a regular briefing for journalists on Wednesday.

"We’re not saying we’re trying to reduce the cost [of a barrel of oil] to $70. That's not what we're trying to say," she replied to a journalist's question. "We say that if it [the price] drops to $70, then companies should know that the U.S. government will enter the market as a buyer," Jean-Pierre explained.