Obama Releases Oil Due to Supply Disruptions

Thursday morning, the Obama Administration announced it was releasing 30 million barrels of crude oil from the Strategic Petroleum Reserve, and the price of crude on the futures market went down $5 a barrel. August benchmark crude was at $90.23 a barrel by 6:30 a.m. Alaska time, after bottoming out lower than that.

The President said he was releasing the oil because of supply disruptions in the Middle East.

Download Audio (MP3)

Previous articlePresident Announces Planned Troop Draw-Down in Afghanistan
Next articleThe Alaska Fisheries Report with Jay Barrett
sheimel (at) alaskapublic (dot) org  |  907.550.8454 | About Steve

No posts to display