Oil Futures Rise After Release of Strategic Petroleum Reserve by the Biden Administration-US News | The Epoch Times

Crude oil futures rose after the Biden administration announced the release of 50 million barrels of oil from the nation’s Strategic Oil Reserve on November 23, enough for approximately 3 days of demand. Oil stocks saw a broad rally today after an initial loss. West Texas Intermediate crude for January delivery (CL00, CLF22), the U.S. benchmark, jumped $1.75, or 2.5 percent, to close at $78.50 a barrel. Global benchmark Brent crude (BRN00, BRNF22) surged $2.61, or 3.3 percent, to $82.31 a barrel. “The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note reported by Marketwatch. President Joe Biden told reporters at a White House briefing that “It will take time, but before long you should see the price of gas drop where you fill …

Bryan Jung

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Rep. Tlaib Defends Bill That Would Empty Federal Prisons Over 10 Years-US News | The Epoch Times

Wed Nov 24 , 2021
In an interview with Axios’s Jonathan Swan, progressive Rep. Rashida Tlaib (D-Mich.) defended a proposed bill that would empty federal prisons over the course of the next 10 years. The bill, called the BREATHE Act, asks the Department of Justice to draw up a “roadmap for prison abolition.” The bill demands  the […]

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