Oil prices fell regarding 13 percent last week, following he announced… US President Joe Biden announced that up to one million barrels per day will be withdrawn from Petroleum reserves The US strategic six-month period begins in May.
Biden said the withdrawal, the third in the past six months, would serve as a bridge so domestic producers can boost production and rebalance supply with demand.
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Brent crude futures fell 79 cents, or 0.8 percent, to $ 103.60 a barrel by 00:37 GMT, while US West Texas Intermediate crude recorded $ 98.45 a barrel, down 82 cents, or 0.8 percent.
And futures contracts for each of the two crudes decreased by $ in the beginning of trading in the markets, on Monday.
Oil prices fell regarding 13 percent last week, following he announced… US President Joe Biden announced that up to one million barrels per day will be withdrawn from Petroleum reserves The US strategic six-month period begins in May.
Biden said the withdrawal, the third in the past six months, would serve as a bridge so domestic producers can boost production and rebalance supply with demand.
