The White House is mulling releasing oil from the Strategic Petroleum Reserve but so far has not made a formal decision, Politico sources say; "But there is pretty fierce opposition to tapping SPR — it’s a half measure at best"

• Administration officials who oppose tapping the reserve say a release wouldn’t solve what they consider the underlying problem.

The potential release of oil from the Strategic Petroleum Reserve (SPR) is currently under consideration, but resistance from within the administration suggests it may not address the root causes affecting oil prices. If pursued, this action could serve as a temporary measure rather than a long-term solution, impacting market expectations for supply stabilization and possibly oil prices in the near term.