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President Trump announced Friday that he would open the Strategic Petroleum Reserve for energy companies to store oil to be sold once prices improve. “With all the jobs and all the good that they do we’re going to make sure that they stay in good shape,” he said. The president’s announcement came after he met with a group of energy industry executives at the White House and promised that he’s “1,000 percent” supporting them as the coronavirus pandemic and a dispute between Russian and Saudi officials have sunk oil prices. “We’ll work this out,” Trump told the group. The SPR will make 30 million barrels of storage capacity immediately available to U.S. producers and another 47 million barrels’ worth later, according to the Department of Energy. Prices hit an 18-year low last month as demand plunged amid an unhindered output, but comments from Trump about a potential resolution coming soon from Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have helped prices recover somewhat. The price of benchmark crude oil rose $3.02 to $28.34 per barrel Friday. Brent crude oil, the international standard, was up $41.17 to $34.11.