In “Evening Edit,” Biden’s managers continue to avoid oil production in the United States, with Congressman Carlos Guimenez and retired Maj. Gen. Mick McGuire discussing in the “Evening Edit.”
Oil prices rebounded on Tuesday night after the US oil supply fell last week, eradicating losses from previous sessions.
Global supply is tight as Russia’s production is affected by economic sanctions on Moscow.
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West Texas Intermediate (WTI) crude oil futures rose $ 1.18 (1%) to $ 110.45 a barrel after falling 36 cents in the previous session.
File Photo: Pumpjack can be seen at sunrise near Bakersfield, California. (Reuters / Lucini Corson / File Photo / Reuters Photo)
Brent futures rose $ 1.39 (1.2%) to $ 116.87 a barrel after falling 14 cents.
Los Angeles gas prices average $ 6
Prices fell early on Tuesday as the European Union seemed unlikely to agree to Russia’s oil ban.
According to Reuters, oil inventories fell by 4.3 million barrels during the week ending March 18, according to data from the American Petroleum Institute’s industry group.
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Official US inventory data will be submitted by the Energy Information Agency later Wednesday.