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Biden admin is considering a 'massive' oil release to fight inflation

  • Newswire with the headline
Eamonn Sheridan
31/03/2022 | 00:14 GMT

Related to this:

US President Biden will speak on Thursday, on how he'll be reducing gasoline prices

An oil release would be from the Strategic Reserve. Such releases have been co-ordinated globally in recent months.

Added, the next bit of info hitting wires:

  • plan to release roughly a million barrels of oil a day from US reserves
  • for several months

Yep, that'd be 'massive' for sure.

Oil markets are taking note:

oil 31 March 2022 2

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