In an effort to combat the spike in oil prices spark by Russia's invasion of Ukraine, the White House on Thursday announced an historic release of oil from the U.S. Strategic Petroleum Reserve.The White House said President Joe Biden plans to release an average of 1 million barrels of oil per day from the reserves for the next six months."The scale of this release is unprecedented: the world has n...
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.