Weaponizing Oil News Today : Breaking News, Live Updates & Top Stories | Vimarsana

it is nothing short of a horrific tragedy. a massacre at a day care center in thailand. an attacker killed 36 people, most of them are children. officials say at tack started when a man armed with a gun and a knife entering the childcare facility and police say most of the victims were stabbed. most officials are saying the that attacker who killed himself is a former police officer. selina wang is tracking all of this live in tokyo. what is the very latest that you're learning? >> reporter: kate, we're just getting new details from the police about this horrific tragedy. the death t...

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That is not good. you know, i don't know i would go so far as to say they're weaponizing oil. i think they're doing things in their own best interest. they want to generate as much revenue as they possibly could so they will raise prices to generate that revenue. hopefully it doesn't undermine global demand and hurt the global economy to a significant degree. so they're doing it in their own self-interest. tu better served pretty tough when the united states and most other countries are working hard to get inflation back down. so it would have been nice if they could have held off here and let...

Fears that russia's invasion of ukraine could create supply shortages. to lessen the impact, the u.s. and its allies today agreed to release up to 60 million barrels of crude oil from their reserves. matt joins us now. a lot of moving parts here. this was a sugar high the last time it happened. what is the expectation now? >> well, the good news is that world leaders, they're trying to come to the rescue of consumers who are dealing with really high energy prices. they're releasing 60 million barrels of oil. 30 million just from the united states. and it makes a lot of sense. this crisis is re...