Biden Will Release 15 Million Barrels Of Oil From Reserves— Here’s What To Watch For

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Biden Will Release 15 Million Barrels Of Oil From Reserves— Here’s What To Watch For
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The White House’s latest release is part of a broader effort to keep average national gas prices below $4 a gallon.

President Joe Biden will announce Wednesday he’ll release a further 15 million barrels of oil from the U.S. strategic reserve, according to U.S. officials cited in multiple reports, in a likely attempt to keep gas prices in check ahead of next month’s midterms after the OPEC+ group of oil-producing nations—including Russia and Saudi Arabia—announced production cuts earlier this month.... [+]

rights, during an event hosted by the Democratic National Committee at the Howard Theatre in Washington, D.C.

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