Trump's 'head-spinning 180 degree turn' could drain US oil reserves to worrisome lows: WSJ

President Donald Trump's "head-spinning" reversal plan to release strategic oil reserves in response to his war against Iran could drain U.S. strategic oil reserves to levels not seen in nearly two decades, the Wall Street Journal reported on Thursday.

"According to the officials, U.S. Energy Secretary Chris Wright gave his counterparts in the Group of Seven nations the White House’s position Tuesday morning: A massive intervention in oil markets was premature because the price of oil had...