FUTURES FILES
White House to release oil In an attempt to lower gasoline prices, the White House announced the largest oil liquidation ever from the U.S. Strategic Petroleum Reserve. President Biden intends to drive gasoline and diesel prices lower following months of rising prices with his million barrels per day release. The higher prices are due to Russia’s war on Ukraine and the sudden threat to oil supplies. The release, expected to last six months, could total 180 million barrels, most of which will be refined into unleaded gas for use in automobiles. The International Energy Agency has ...