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Trump Considers Tapping U.S. Oil Reserve as Prices at the Pump Rise

8 days ago   |   By

The Trump administration is actively considering tapping into the nation's emergency supply of crude oil as political pressure grows to rein in rising gasoline prices before congressional elections in November, two people familiar with the situation said.
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Oil falls after report says Trump is considering tapping the emergency oil reserve

Oil falls after report says Trump is considering tapping the emergency oil reserve

9 days ago   |   By

Oil prices were mixed Friday afternoon.
The Trump administration could tap the Strategic Petroleum Reserve, according to a report.
Watch oil trade in real time here.
Oil prices bounced around Friday afternoon following reports that the Trump administration could tap an emergency oil reserve ahead of the midterm election.
West Texas Intermediate fell 0.5% to $70 a barrel at 3:25 p.m. ET. Crude, the international benchmark, rose 0.75% to $75.09.
The Trump administration is "actively considering" a release from the Strategic Petroleum Reserve, the world's largest oil stockpile, sources told...
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