Meet America’s Newest Oil Trader Extraordinaire: Joe Biden | EUROtoday

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Head of state. Commander in chief. Oil-trading whale?

President Biden’s unprecedented launch of oil from America’s petroleum reserves in 2022 turned the White House into an unusually lively participant within the unstable crude market. The flood of emergency provides helped arrest surging oil costs after Russia invaded Ukraine, and pulled billions of {dollars} into the Energy Department’s coffers within the course of.

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