Biden’s oil reserves bet mixes China outreach with appeal to U.S. voters

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By Timothy Gardner and Jarrett Renshaw WASHINGTON (Reuters) – President Joe Biden’s move to release oil from strategic reserves in coordination with top oil consuming nations including China represents a unique bet that finding common ground with the United States’ biggest economic rival can help lower fuel prices for Americans. The rare moment of possible cooperation comes as inflation, and especially high gasoline prices, eat at Biden’s popularity at home. In China, high energ…

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