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Oil Prices Are Another Headache for Biden—Who Can’t Do Much About It
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WASHINGTON—Oil’s surge past $100 a barrel after Russia’s attack on Ukraine intensifies the economic troubles confronting President Biden, whose administration has been struggling for months to reel in rising inflation.
Benchmark U.S. oil futures ended higher Thursday, settling at $92.81, up 0.8% on the day. With prices at their highest since 2014, Mr. Biden said he was prepared to release more oil from the government’s Strategic Petroleum Reserve if necessary.
Read more on wsj.comAbout this in other media
Britain’s economic war against Vladimir Putin is a mess – and it may be pointless theguardian.com /2 years ago
Biden and the Oil Industry Are at Odds, Clouding Effort to Tame Gasoline Prices wsj.com /2 years ago
Pressure grows on legal sector to exit Moscow: ‘Not every law firm employee wants to buy family groceries with money tainted by blood’ fnlondon.com /2 years ago
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