Photo by Warner on Unsplash

Last week, on Thursday, President Biden announced that he is making the biggest release of the Strategic Petroleum Reserves in history. The release will add more oil to the global markets for a six month period to try to drive down the price of gas. How much impact will they have on the energy markets and the stock market? We take a look at the technical analysis charts to try to answer this question and understand what is really going on.

Video Length: 00:12:37