BusinessOil Prices Fall as Trump Announces Release of 100 Million Barrels
Oil prices dropped on Friday amid announcements of plans to release additional diesel and crude reserves to ease a global supply shortage. Brent crude fell 2.6% to $99.65 per barrel, and U.S. West Texas Intermediate dropped 4% to $89.11. The move follows reports that the EU, pressured by the Trump administration, is considering releasing 50 million barrels of diesel, while the International Energy Agency may release 50 million barrels of crude oil.
HT World·



