U.S. Joins With China, Other Nations in Tapping Oil Reserves

WASHINGTON—The U.S. and other international locations program to faucet their nationwide strategic petroleum reserves in an endeavor to deliver down gasoline prices that have grow to be a sore location with motorists and a major contributor to inflation, President Biden mentioned Tuesday.

Mr. Biden predicted that the extra supply would direct to reduced prices, but wholesale crude charges on financial marketplaces rose just after Tuesday’s announcement.