Oil Slumps As President Biden Mulls Historic 180 Million Barrel SPR Release

Published by
The Street

By Martin Baccardax President Joe Biden could unveiled the biggest-ever release of crude from the nation’s Strategic Petroleum Reserve Thursday in the latest effort to tame historically high energy prices. The White House is considering the biggest-ever release of crude from the nation’s Strategic Petroleum Reserve this week, multiple media outlets reported Thursday, as President Joe Biden looks to dampen the impact of record high energy prices and the fastest domestic inflation rates in more than four decades. Reports suggest the President is set to authorize the release of 180 million barrel…

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