Biden’s move to lower oil prices
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The White House announced a “historic release” of about 180mn barrels of oil from the US emergency stockpile in an attempt to cool oil prices, and the two-year Treasury yield this week rose above the 10-year Treasuries for the first time since 2019. FT markets editor, Katie Martin, explains what this signals for the US economy.
Mentioned in this podcast:
US orders biggest ever release from Strategic Petroleum Reserve
US yield curve inverts in possible recession signal
US bonds: don’t fret about inversion yet
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The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
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