Oil Falls as U.S. Eyes Reserve Release; Stock Futures Pause

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U.S. stock futures were steady and oil fell after reports that President Biden is preparing a substantial release of oil reserves to stanch soaring energy prices and inflation

Futures tied to the S&P 500 were flat, suggesting that the broad-market index may hover after it closed down 0.6% on Wednesday. Nasdaq-100 futures rose 0.2%, pointing to muted gains for technology stocks after the opening bell.

 

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🚨Dems Defecting in Droves: women, Latinos and independents dropping support for Biden and leftist policies every day 🚨 Inflation Destroys Presidents Shellacking NBCNews chucktodd

The WSJ should tell the truth about the price gouging which has been going on since President Biden has been in office. The embargo is because of corporate refusal to pay their share of taxes, and their hatred for the President. The American people are hurting because of greed!

These greedy grifter oil barons and corporate companies really don't care about the American people. The Republicans stood by and allowed their friends to price gouge the American people while their coffers are filled. The high price of everything is because of their greed.

Or......you know........tell oil companies to cut their bullshit

This dumb “bandaid” will do nothing. Increase American oil and gas production including CLEAN fracking, Solar and onshore Wind.

For how long will it take to serve the consumers?

yes but what about Ukraine?

How come the OPEP doesn’t open more their pipelines and help the world ? Greedy

It’s always good news when CrudeOil dips.

How about Biden lessening restrictions so oil can be pumped in this country at a higher rate so the world is not so dependent on Russia for oil? That makes too much sense for the left. The reserve release is like a billionaire donating $10, a drop in the bucket.

AND-JUST LIKE in the band on the TITANIC--BIG OIL COMPANIES 'RECORD PROFITS' just PLAYED ON!!

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