Watch CBS News

Biden releases 15M barrels from oil reserve

President Biden unveiled his three-step plan Wednesday to lower oil prices. Part of that plan is the release of 15 million barrels of oil from the U.S. strategic reserve. The announcement comes weeks after OPEC+ announced it was cutting oil production, a decision that drove gas prices up. CBS News senior White House and political correspondent Ed O'Keefe discussed the president's plan.
Oct 19, 2022 (05:59)
Videos
View CBS News In
CBS News App Open
Chrome Safari Continue