US President Biden is looking at the Strategic Petroleum Reserve (SPR) release, in order to reduce gas prices, the country’s Energy Secretary Jennifer Granholm said while speaking on CNN’s “State of the Union” on Sunday.

Key quotes

"The president is all over this."

"I think we'll be looking at that forecast that's coming out on Tuesday."

On Friday, Granholm called on oil-producing nations to immediately increase crude supplies to mitigate the surging cost of living.

Read: WTI is starting the week off better bid, eyes on $82.00