Wednesday, President Joe Biden will announce a set of new actions to strengthen U.S. energy security, encourage production, and bring down fuel prices. This includes releasing an additional 15 million more barrels of crude oil from the Strategic Petroleum Reserve, or SPR.
Biden is scheduled to make this announcement during a White House speeach at 1:15 PM ET Wednesday.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.