U.S. govt to announce firms buying SPR oil next week

Newswire

WASHINGTON, June 30 (Reuters) - The U.S. Energy Department will not release information until next week on the companies whose bids were accepted to buy oil from the Strategic Petroleum Reserve, a department source told Reuters on Thursday. The Obama administration ordered the sale of some 30 million barrels of crude from the emergency stockpile to help meet higher oil demand expected later this year and keep oil prices from rising. (Reporting by Tom Doggett)

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