U.S. Oil Futures Rally After White House Says It Will Tap SPR

U.S. oil futures surged after the White House announced a draw from the Strategic Petroleum Reserve, a move that countered market worries about a supply glut. While the NYT notes that prices stayed up despite President Trump’s plan to lift Russian sanctions, a Google Business roundup shows broader market optimism, with Dow Jones futures climbing even as oil later pulled back, highlighting the delicate balance between policy shocks and investor sentiment.