UPDATE 2-US taking 18 mln barrels off market for oil reserve

Newswire

(Adds comments from Sen. Bingaman, background) By Tom Doggett and Chris Baltimore WASHINGTON, March 24 (Reuters) - The U.S. Interior Department on Wednesday awarded contracts to deliver an estimated 18 million barrels of crude oil to the nation's emergency oil stockpile, a move that will keep supplies off the market at a time of high gasoline prices. The Bush administration's decision rejects demands from Congress to delay shipments to the Strategic Petroleum Reserve, and keep the oil ...

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