Oil prices rise despite IEA's 400 million barrel release
after close1 source ↓written by the desknot a recommendation
- on Wednesday
- 6%
- announcement to release
- 400 million barrels
- also surged
- 6.8%
- per million BTUs
- $3.23
Oil prices increased with Brent settling at $93 per barrel and WTI near $88, both up about 6% on Wednesday. This rise comes despite the IEA's announcement to release 400 million barrels. Natural gas futures also surged by 6.8% to $3.23 per million BTUs, reflecting broader energy market volatility.
Not investment advice. For informational purposes only.