US Loans 53 Million Oil Barrels to Ease Market Fears ^37.1%

Newsmax - By Timothy Gardner - 5/11/2026, 10:15 PM

Framing Effect 15.9% - Recency Bias 14.2% - Availability Heuristic 12.4%

The Trump administration said on Monday it will loan energy companies 53.3 million barrels of crude from the U.S. Strategic Petroleum Reserve as part of a global agreement to calm oil markets that have spiked on the U.S.-Israeli war with Iran. Nine companies, including Exxon Mobil, Trafigura, and Marathon Petroleum Company, borrowed only... more