Oil Prices Crash as Europe May Release Strategic Reserves

The post Oil Prices Crash as Europe May Release Strategic Reserves appeared first on Coinpedia Fintech News

Oil prices fell sharply, with Brent crude trading around $103.50 and U.S. crude below $90. The decline followed reports that European countries could release oil stocks amid pressure from the United States. A release of strategic reserves could increase near-term oil supply and add further pressure to crude prices. Markets are now watching for confirmation …