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EXPLAINER: What is the Strategic Petroleum Reserve?

12 days ago   |   By

President Joe Biden has ordered the release of 50 million barrels of oil from America's strategic reserve
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Biden's poll numbers are cratering and he needs to reset his presidency. There's a simple solution: leave the US

12 days ago   |   By

President Joe Biden boards Air Force One for Rome, Italy. BRENDAN SMIALOWSKI/POOL/AFP via Getty
Joe Biden needs to reset his presidency.
His poll numbers are slipping and his policies are moving slowly through Congress.
If he wants to jumpstart his term, then he should take a trip abroad.
Brett Bruen was the director of global engagement in the Obama White House and a career American diplomat. He runs the crisis-communications agency Global Situation Room.
This is an opinion column. The thoughts expressed are those of the author.
Joe Biden needs to reboot his presidency. His poll numbers...
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US futures slip while oil prices flatline despite Joe Biden releasing strategic reserves

13 days ago   |   By

Traders have digested a move higher in bond yields this week. AP Photo/Richard Drew
US futures fell slightly on Wednesday as markets continued to digest a move higher in bond yields.
Oil flatlined after rising the day before, despite the White House announcing it would release 50 million barrels from strategic reserves.
Bond yields cooled but remained sharply higher for the week, as investors bet the Fed will move to tame inflation next year.
US futures slipped on Wednesday ahead of a series of data releases, while oil prices flatlined after rising on Tuesday despite President Joe Biden...
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