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Meet America's Newest Oil Trader Extraordinaire: Joe Biden - The Wall Street Journal

President Biden’s emergency oil sales turned the White House into an active player in crude markets.Photo: Kevin Lamarque/Reuters

Head of state. Commander in chief. Oil-trading whale?

President Biden’s unprecedented release of oil from America’s petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market. The flood of emergency supplies helped arrest surging oil prices after Russia invaded Ukraine, and pulled billions of dollars into the Energy Department’s coffers in the process.

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Meet America's Newest Oil Trader Extraordinaire: Joe Biden - The Wall Street Journal
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