President Donald Trump says Venezuelan crude will be used to replenish the U.S. Strategic Petroleum Reserve, which stood at about 290 million barrels on August 21, near a 44-year low.

The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.

President Donald Trump said Friday night the United States reached an oil agreement with Venezuela, a move he said will more than double American oil reserves, increase oil supply…

The agreement would give the US control of 65 billion barrels of Venezuelan oil