Biden's SPR Release Sends Oil Prices Below $100

The unprecedented decision by Biden to release 180 million barrels of oil from the country's strategic petroleum reserve over the next six months has sent oil prices below $100. While plenty of upside risks remain, oil prices are on course to see their largest weekly decline in two years.Oilprice Alert. The decision by Biden to release 180 million barrels of oil from the SPR demonstrates just how desperate the situation in oil markets has become. Make sure you sign up for Global Energy Alert to read this week's analysis of what it all…