Ukraine Live Updates: Biden to Tap U.S. Oil Reserves as War Enters 6th Week

Posted on AllSides March 31st, 2022
From The Left

The price of oil, which has been surging since the war began, dropped. With shelling around Kyiv continuing, the U.S. and its allies remained skeptical of Moscow’s pledge to scale back its offensive.

With the war in Ukraine and the network of sanctions against Russia’s energy industry disrupting global fuel supplies, President Biden will announce on Thursday a plan to release up to 180 million barrels of oil from U.S. strategic reserves. Oil prices, which had been surging since the fighting in Ukraine began, had already fallen modestly on expectations of the announcement....

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