U.S. to Tap into 50M Barrels of Reserve Oil to Tame Rising Gas Prices
Real Vision: Finance & Investing
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Oil Prices Rise - Is the United States Going to Be a Large, Invisible Seller?
Oil prices have risen sharply in the last few days. The United States has put its oil reserves up for sale, sparking a bidding war with other nations. Oil is not over-supplied but rather an under supplied market looking to supply itself going into winter months. 'It was really just a big waste of time trying to get the price of crude oil, gasolene lower,' says Mr O'Leary.
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