OIL: Biden SPR Headline on X Appears to Be False

There were earlier unconfirmed reports circulating social media of a headline suggesting that Biden was willing to release more oil from the SPR credited to WSJ that appears to be false.

• The headline remains unconfirmed and has not appeared on any of the wires and has instead made the rounds on X (formerly Twitter). It is not clear where the headline originated.
• Headline in question said “BIDEN SAYS DEPLETING SPR IS ON TABLE: WSJ”
• There are no signs of this headline or an associated story with the WSJ at present.
• The headline seems to have supported crude prices earlier in the session before selling off as credibility of the news faded.