Crude oil prices decline on IEA reserve release proposal
after close1 source ↓written by the desknot a recommendation
- a barrel
- 0.26% to $87.57
- while WTI declined
- 0.44% to $83.08
Crude oil prices fell on Wednesday following reports of the IEA's proposal for the largest reserve release in history. Brent crude slipped 0.26% to $87.57 a barrel, while WTI declined 0.44% to $83.08. This move aims to stabilize soaring prices amid geopolitical tensions, particularly the US-Iran conflict.
Not investment advice. For informational purposes only.