Business & Economy · 1 view
Oil prices fall over 3% on report of potential diesel, crude stock release; Brent back below $100
Oil prices were sharply lower on Friday morning, extending losses from earlier in the session, following reports of a potential European move to release diesel and crude stocks to ease a global supply shortage International benchmark…
AI Summary
Oil prices fell sharply on Friday morning, extending losses from earlier in the session. The drop followed reports that Europe might release diesel and crude stocks to address a global supply shortage. Brent crude futures for December delivery slipped 3.1% to $99.13 per barrel. U.S. West Texas Intermediate futures for November delivery fell 4% to $89.18 per barrel. The decline reflects market concerns over the potential impact of the European stock release on global supply dynamics.
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