Commodities
Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’
- Strategic Petroleum Reserve had been drawn down under Biden
- Sales meant to control gas prices after Russia invaded Ukraine
President Donald Trump speaks after being sworn-in during the 60th presidential inauguration in Washington, DC, on Jan. 20.
Photographer: Kenny Holston/The New York Times/Bloomberg
This article is for subscribers only.
President Donald Trump said he plans to fill the US’s strategic oil reserve “right to the top” after it reached lows not seen since the 1980s under President Joe Biden.
Trump vowed to “bring prices down, fill our strategic reserves up again right to the top and export American energy all over the world” during his inaugural address at the Capitol Monday.