CNBC’s Diana Olick joins ‘Closing Bell’ to share the news for an upcoming White House announcement on oil prices tomorrow that could involve using the Strategic Petroleum Reserve. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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    16 Comments

    1. Looking for a new stock or Cryptocurrency to invest in. Short or long term Gains. i was at a seminar and the host spoke about making well over $3.5M within 4months of investing $450k. any suggestions pls

    2. This doesn't fix anything. Pushing it down the road another month for an election. OPEC could just cut production again to fix the oil market manipulation.

    3. Announcement: we’re going to deplete our strategic gas reserves, which are supposed to be for emergencies in case we got into war etc, to attempt to save face long enough to get through the election. Hopefully Putin or China don’t escalate the war by then because we’re going to be extremely vulnerable since he’s preventing us from producing gas and nobody is selling any to us. National security is clearly not something this president worried about. Our last president replenished our strategic gas reserves, not sure what Biden plans to do once we’re on E. He better undo everything he did to halt the Keystone Pipeline when he first got into office

    4. SPR isn't supposed to be used this way. US SPR is already 1/3 down, and everyone knows this is only temporary before the election, so it won't effect the price that much anyways.
      After Nov election, when US is replenishing the SPR, it's only going to increase demand hence oil prices.

    5. Is she a comedian? She said gas dropped by 5¢. Gas went up a few dollars and it dropped 5¢! Biden is useless. The world is much worse since he took office. He is very weak. Saudi Arabia didn't give him any face.

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