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Analysis: US admin wades into oil market management with stockpile release

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  • Analysis: US admin wades into oil market management with stockpile release

    https://www.reuters.com/markets/comm...se-2021-11-24/

    Commodities Analysis: Biden White House wades into oil market management with stockpile release

    By Timothy Gardner and Richard Valdmanis
    Nov 24 (Reuters) - U.S. President Joe Biden's decision to tap the nation's emergency oil stockpiles marks the first time in two decades that a president has used the reserve to tame energy prices instead of tackle a supply disruption.

    The release also marks the first coordinated release with consuming nations outside the auspices of the West's energy watchdog, the International Energy Agency...
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