UPDATE 1-U.S. sells 11 mln bbls of oil from reserve to Exxon, five other firms

Six companies, including ExxonMobil Corp, bought a total of 11 million barrels of oil from the U.S. Strategic Petroleum Reserve, a Department of Energy document showed on Friday, in a sale timed to take place ahead of U.S. sanctions on Iran that are expected to remove oil from the global market.

from Reuters: Company News https://ift.tt/2NA3gzG