Biden Cancels Replenishment of Strategic Oil Reserves

Biden administration cancels plan to purchase millions of barrels of oil for the Strategic Petroleum Reserve (SPR).

• Current SPR holds 363.6 million barrels, down 43% since January 2021.

• Biden initially depleted SPR to counter high fuel prices.

• The White House Press Secretary declined to comment.

• Department of Energy says they're "still committed" to refilling SPR