Commodities and Futures News
White House weighing plan to boost emergency home heating oil supply -sources
2022.11.23 14:32
© Reuters. FILE PHOTO: The exterior of the White House is seen from the North Lawn in Washington, U.S., August 19, 2021. REUTERS/Cheriss May/File Photo
(Reuters) – The White House is weighing a plan to increase inventories in the Northeast Home Heating Oil Reserve amid concerns of a supply crunch that could drive up prices and punish inflation-fatigued consumers, according to three sources familiar with the discussions.
The plan could involve directing revenue from future sales of the Strategic Petroleum Reserve to purchase for the reserves, two of the sources said.
