The price of oil falls on Thursday following the leak of information that the US government plans to dip massively into its reserves in order to curb inflation.
In the wake of these indiscretions, oil prices fell by around 5% in just a few minutes. The barrel of Brent from the North Sea – which determines the price at the pump in Belgium – fell 4.5% to 108.30 dollars. The barrel of American oil WTI fell 5.6% to 101.83 dollars.
The United States plans to market 180 million barrels of oil from its strategic reserves in the coming months, to temper inflation. The price increase is mainly due to higher energy costs. The official announcement from the White House is expected on Thursday.
