Oil prices dropped in the early hours of Friday, falling below $100 a barrel, as the International Energy Agency (IEA) started a second release from its emergency stockpile that will add 60 million barrels of crude to the market. The agency’s release is coming in addition to the millions of barrels released by the US […]
Tag: Brent Crude
Oil Prices Hit $91.31/Barrel As OPEC+ Meeting Holds Wednesday
Oil prices continued to surge on Monday as Brent crude, global oil benchmark, hit $91.31 per barrel, ahead of an OPEC+ meeting on Wednesday. A market survey on Monday morning indicated that Brent crude rose $1.28, or 1.4%, to $91.31 a barrel, after adding 69 cents on Friday compared to the US West Texas Intermediate […]