Biden to accuse oil companies of refusing to ‘help lower prices at the pump’


President Joe Biden on Monday will speak about major oil XLE, +0.28% companies’ record-setting profits, “even as they refuse to help lower prices at the pump for the American people,” the White House announced. Biden’s remarks are scheduled for 4:30 p.m. Eastern in the Roosevelt Room of the White House, and come just over a week before key U.S. midterm elections, in which energy prices and inflation are playing a critical role.  

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