The infrastructure deal struck by a group of bipartisan senators and President Joe Biden on Thursday includes partial funding by a proposed $6 billion sale from the U.S. emergency oil reserve, according to a document circulated by Republican lawmakers. A sale of that size equals a drawdown of about 82 million barrels, based on Thursday’s price of $73 a barrel for West Texas Intermediate crude. That represents about 13% of the reserve’s current holdings of nearly 624 million barrels of oil, though if prices rise, the volume of oil would shrink. The deal was a step forward for the $1.2 trillion bipartisan Senate ... (full story)