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Biden suggests US will release oil from reserves as conditions warrant

President Biden suggested on Thursday that the U.S. may release oil from its strategic reserve after prices soared amid the Russian invasion of Ukraine. In a speech delivered Thursday addressing the developing conflict between Russia and the former Soviet state, Biden said that he was coordinating with both oil producing and oil consuming nations, and that the U.S. could release oil of its own.

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On The Money — Biden brings down hammer on Russian banks

Happy Thursday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line.

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Overnight Energy & Environment — The impact of Russia s invasion

Welcome to Thursday’s Overnight Energy & Environment, your source for the latest news focused on energy, the environment and beyond.

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Stock futures sink, oil spikes after Putin launches invasion of Ukraine

Stock futures sank and oil prices spiked Wednesday night after Russian President Vladimir Putin announced a military operation in Ukraine.

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Biden suggests US will release oil from reserves as conditions warrant

President Biden suggested on Thursday that the U.S. may release oil from its strategic reserve after prices soared amid the Russian invasion of Ukraine.

United statesIntercontinental exchange brentWest texas intermediate crudeExchange brentJoe biden

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