Crude oil prices are sharply lower this morning after reports that President Biden is considering the release of up to 180 million barrels from the country’s strategic petroleum reserve. Prices are down more 6%, to around $101 a barrel. Goldman Sachs notes the reported release from U.S. reserves would help the oil market toward rebalancing in 2022, but would not resolve its structural deficit.
More than 2,300 ballots have been cast in a closely watched union election at one of Amazon’s Alabama warehouses. About 39% of the more than 6,100 eligible voters have cast their ballots - that’s lower than the first election last spring, when turnout was about 55%. Last spring, Amazon workers at the Bessemer warehouse overwhelmingly rejected unionization. The National Labor Relations Board ordered a new election after it found Amazon improperly interfered in the union contest.





