Biden Reportedly Asked Xi About Possible Joint Release of Crude Reserves to Ease Prices at the Pump

China is reportedly sitting on the equivalent of between 220 million and 384 million barrels of oil, enough to last the manufacturing giant between 16-27 days without imports. The US, meanwhile, has about 613 million barrels of crude stocked up –with the Trump administration topping up the Strategic Petroleum Reserve last year as prices tanked.