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Oil Prices Fall Sharply To Below $107 A Barrel On Hopes Of US Crude Supply Boost - Vimarsana News

Oil Prices Fall Sharply To Below $107 A Barrel On Hopes Of US Crude Supply Boost

Oil prices fell sharply to below $107 a barrel on Thursday as the US administration considered releasing crude for several months from their Strategic Petroleum Reserve (SPR).

Source: ndtv.com
Biden administration mulls largest-ever withdrawal from oil reserve - Vimarsana News

Biden administration mulls largest-ever withdrawal from oil reserve

The move would mark the third time the United States has tapped its strategic reserves in the past six months, and would be the largest release in the near 50-year history of the SPR.