Related to this:
US President Biden will speak on Thursday, on how he'll be reducing gasoline prices
An oil release would be from the Strategic Reserve. Such releases have been co-ordinated globally in recent months.
Added, the next bit of info hitting wires:
- plan to release roughly a million barrels of oil a day from US reserves
- for several months
Yep, that'd be 'massive' for sure.
Oil markets are taking note:
