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.
The Department of Energy said that its Notice of Sale of up to 15 million barrels of crude oil to be delivered from the Strategic Petroleum Reserve in December 2022 will go live at 10 AM ET.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.