U.S. lawmakers, officials, Trump, on oil reserve release

Published by
Reuters

WASHINGTON (Reuters) -The White House said on Tuesday it would make 50 million barrels of oil available from the U.S. Strategic Petroleum Reserves as part of a coordinated effort with other major economies to help cool oil prices. MARKET REACTION Brent crude futures were up 21 cents, or 0.26%, to $79.91 a barrel by 1229 GMT, after earlier dropping to $78.55 a barrel. U.S. West Texas Intermediate (WTI) crude futures were down 33 cents, or 0.43%, at $76.42. WHITE HOUSE ECONOMIC ADVISER BRIAN DEESE “The U.S. has the strongest economic recovery of any major economy. We are able to meet our economi…

Read More

Written by