Biden expected to announce record release from US strategic oil reserves – live

US president to address high gas prices and will expectedly announce release of up to a million barrels of oil daily

Oil prices fell sharply on Thursday morning amid speculation that Joe Biden will order a record release from US emergency reserves later today, intending to ease Americans’ pain at the gas pump. The plan to release up to a million barrels daily, first reported by Bloomberg, is set to be announced at the president’s scheduled lunchtime briefing on energy.

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