Biden Administrations Plans To Release Oil From Strategic Reserve
b"I think as we head into the midterms, it just feels like a trade that you don't want to try to press to the upside, says Bill Baruch on energy. He discusses the Biden administration's plan to release oil from the strategic petroleum reserve. He talks about how President Biden plans to purchase oil to refill the reserve when the price is between $67-$72. He then goes over the outlook for crude (/CL) ahead of a potential global slowdown. He also mentions how Europe is handling its energy crisis, as well as how gold (/GC) is impacted by high inflation. Tune in to find out more about futures today."