The U.S. Department of Energy (DOE) plans to sell up to 20 million bbl of oil from the Strategic Petroleum Reserve (SPR) – double the level sold at an auction earlier this year – as the Biden administration complies with 2015 legislation and tries to raise funds to pay for a massive new infrastructure bill.

The House on Tuesday passed a resolution that paves a path for passage of a $1 trillion infrastructure bill that contains more than $500 billion in new spending. A final vote could come in September. The White House confirmed in June that SPR sales would help pay for the government investments, which would include spending on roads and bridges. The bill would also invest in programs to modernize the nation’s aging electricity grid with new transmission lines that could...