Crude oil bouncing back after Biden news - #oott

Crude oil market took a huge drop last night as the Biden Admin is set to release a huge SPR release into the markets. 180 million barrels over a 6 month period to help alleviate oil prices at the pumps for Americans. Fundamentally, speaking, this news has a short term affect of dropping oil prices lower, but as the reserve is depleted, they will just need to refill it back up again causing more pains in the further. This band aid fix from the Biden admin is being tested in the markets at the moment as oil tries to hold the 100 level.