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Business Matters: US to release oil reserves in attempt to lower prices

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24/11/2021 GMT

US to release oil reserves in attempt to lower prices

BBC World Service - Business Matters, US to release oil reserves in attempt to lower prices

The US is releasing 50 million barrels of oil  to bring down energy and petrol prices.

The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices. The move is being taken in parallel with other major oil-consuming nations, including China, India, Japan, South Korea and the UK.

Also in the programme, you'd imagine winning the lottery and spending the winnings would be an incredible feeling. But not for a nursery in Southern Mexico. Parents say they are being threatened by a gang following their $950,000 win - many have fled the area.

Plus, we meet the so-called scambaiters who are taking revenge on telephone scammers.

PHOTO: Getty Images

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