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Biden will release more oil from Strategic Petroleum Reserve, White House says

36423 biden will release more oil from strategic petroleum reserve white house says

President Joe Biden plans to order the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, senior Biden administration officials told reporters on Thursday. Reports late Wednesday said Biden looked poise to order such a release.

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About the Author

Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek.

Source: Marketwatch

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