US President Joe Biden speaks at the White House on Wednesday.  Photo: EPA-EFE
US President Joe Biden speaks at the White House on Wednesday. Photo: EPA-EFE
Joe Biden

Oil rises as Joe Biden’s energy remarks fail to pacify markets

  • The president confirmed the US is releasing 15 million barrels from the strategic reserve but did not take measures to curb fuel exports
  • A pending European Union ban on Russian crude and oil products is also keeping prices up

US President Joe Biden speaks at the White House on Wednesday.  Photo: EPA-EFE
US President Joe Biden speaks at the White House on Wednesday. Photo: EPA-EFE
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