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[size=36]Oil prices fell, with the Biden administration's intention to move towards using the reserves[/size]
Economie| 09:08 - 31/03/2022
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Baghdad - Mawazine News
Today, Thursday, oil futures contracts witnessed a decline of more than $ 5 a barrel, due to news that the administration of US President Joe Biden is considering withdrawing about one million barrels per day of oil from strategic reserves over several months in an attempt to calm high crude prices.
By 00:35 GMT, Brent crude futures fell $4.71, or 4.2%, to $108.58 a barrel, and US West Texas Intermediate crude futures fell $5.45, or 5%, to $102.74 a barrel.
The Biden administration will make statements later Thursday, during which the president is expected to announce the plan aimed at lowering gasoline prices, which reached record levels in the wake of the Russian invasion of Ukraine. Ended 29 / 92
By 00:35 GMT, Brent crude futures fell $4.71, or 4.2%, to $108.58 a barrel, and US West Texas Intermediate crude futures fell $5.45, or 5%, to $102.74 a barrel.
The Biden administration will make statements later Thursday, during which the president is expected to announce the plan aimed at lowering gasoline prices, which reached record levels in the wake of the Russian invasion of Ukraine. Ended 29 / 92
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