Oil prices rise despite IEA's 400 million barrel release
pre-market1 source ↓written by the desknot a recommendation
- on Wednesday
- 6%
- commitment to release
- 400 million barrels
- per million BTUs
- $3.23
Oil prices increased with Brent settling at $93 per barrel and WTI near $88, both up 6% on Wednesday. The rise follows the IEA's commitment to release 400 million barrels. Natural gas prices also surged, with Henry Hub futures up 6.8% to $3.23 per million BTUs. This trend indicates potential volatility in energy markets.
Not investment advice. For informational purposes only.