U.S. to add 75 mln barrels of oil reserve amid worst plunge in history

President Donald Trump said Monday the U.S. would take advantage of the historic drop in oil prices to buy 75 million barrels to replenish the national strategic stockpile after U.S. crude oil futures collapsed below 0 U.S. dollars on Monday for the first time in history.

"We are filling up our national petroleum reserves ... You know, the strategic reserves. And we are looking to put as much as 75 million barrels into the reserves themselves," Trump told reporters at his daily coronavirus press conference.

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