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Biden oil reserves bet melds China outreach with appeal to U.S. voters

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Reuters

By Timothy Gardner and Jarrett Renshaw WASHINGTON (Reuters) – President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations including China represents a unique bet that finding common ground with the United States’ biggest economic rival can help dampen fuel prices for middle class Americans. The move, announced by the U.S. on Tuesday, underscores the complicated relationship Biden is trying to craft with China as he seeks agreement on key issues like climate change and trade, while linked in an economic arms race. The rare moment of cooperation co…

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