Crude completed the longest string of weekly losses since March on Friday amidst continued speculation that the Biden Administration will tap Strategic Oil Reserves. Oil prices notched the longest stretch of weekly losses since March with U.S. President Joe Biden keeping investors guessing about whether he’ll act to tame higher energy prices that are driving a surge in inflation. Futures in New York fell 1% on Friday, yet pared some losses near the end of the session after White House Press Secretary Jen Psaki declined to say whether Biden plans to release oil from the Strategic Petroleum Reserve. She said the administration has been pushing oil-producing countries to pump more crude and seeking to ensure there isn’t price gouging at the pump. Biden has been weighing moves that include a SPR release to try to bring down the cost of gasoline at the pump, which has hit a seven-year […]