Perception and Physical Supply Both Affecting Oil Prices: Economist

The International Energy Agency says its 32 member countries—including the United States—agreed to release a historic total of 400 million barrels of oil from strategic reserves.

Joining NTD to discuss is Michael Busler, economist, public policy analyst and professor of finance at Stockton University. He tells us that President Donald Trump filled the reserves during his first term, while President Joe Biden released a large amount to lower prices before midterms, which has not been replenished. He adds that raised prices is not an emergency worth releasing the reserves for.
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