Oil price

The price of oil started to rise when President Biden took office reaching a high of $84 on October 22, 2021. The price then started down and on November 22 the price was $78. Biden then announced the withdrawal of 50 million barrels from the strategic reserve. The price then fell to $66 on December 2 and today the price is back over over $84. It is difficult to determine the effect of the Biden action since the price was on the way down before he acted but for sure the action was short lived.