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Oil Slumps On China Covid Lockdown Concern, Crude Reserve Release

Global oil prices slumped lower Monday as traders and investors re-set demand bets amid the ongoing Covid surge in China and the release of millions of barrels in reserves as part of coordinated plan between the U.S. and its allies to mitigate the impact of supply disruptions and sanctions on Russian energy exports. ....

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Stocks Lower, Fed Minutes, Elon Musk And Big Oil-5 Things To Know

Stock futures lower, bond yields surge on hawkish Fed concerns; Fed minutes: balance sheet run-off in focus as rate bets hold; Musk refiles SEC paperwork, indicates active role from Twitter stake; JetBlue makes $3.6 billion offer for Spirit, bumping Frontier from gate and Big Oil bosses face gas price grilling from Congress. ....

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Oil Slumps As Biden Mulls Historic 180 Million Barrel SPR Release

The White House is considering the biggest-ever release of crude from the nation s Strategic Petroleum Reserve this week, multiple media outlets reported Thursday, as President Joe Biden looks to dampen the impact of record high energy prices and the fastest domestic inflation rates in more than four decades. ....

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