Joe Biden to tap US strategic oil reserves to tame high crude prices and alleged gouging at the petrol pump. But will it make a difference here?

US president Joe Biden has taken unprecented action to cool global oil prices, releasing 50 million barrels of crude oil from America's strategic reserves. 

The action comes as President Biden confronts inflation-fuelled petrol prices in the US and failed efforts to convince the OPEC oil cartel to pump more crude into the global economy. 

However, oil analysts don't expect the measures to make a difference to bowser prices in Australia.

Here's my report from The World Today