The U.S. has conducted two previous test sales from the oil reserve, including a 4… The U.S. has conducted two previous test sales from the oil reserve, including a 4 million barrel sale in August 1990, months before the U.S. attack on Iraq. Close Close Open Photographer: Daniel Acker/Bloomberg The U.S. has conducted two previous test sales from the oil reserve, including a 4 million barrel sale in August 1990, months before the U.S. attack on Iraq. The Obama administration said it plans to sell 5 million barrels of crude from the U.S. Strategic Petroleum Reserve in a test of the distribution system. The sale of less than 1 percent of the total stockpile has been scheduled for some time and isn’t tied to turmoil in Ukraine or other geopolitical events, said William Gibbons, an Energy Department spokesman. “Due to the recent dramatic increase in domestic […]