Oil Slips After G7 Agrees to Release 100 Million Barrels From Emergency Reserves
Oil prices slipped on Monday after the Group of Seven (G7) agreed to release 100 million barrels from emergency reserves. Rising crude exports from the Middle East added to the supply relief. Brent crude traded at $101.69, down 0.55%, while West Texas Intermediate (WTI) fell 1.04% to $90.16, Trading Economics data showed. Follow us on The post Oil Slips After G7 Agrees to Release 100 Million Barrels From Emergency Reserves appeared first on BeInCrypto.
Key Takeaways
- Oil prices slipped on Monday after the Group of Seven (G7) agreed to release 100 million barrels from emergency reserves.
- Rising crude exports from the Middle East added to the supply relief.
- Brent crude traded at $101.69, down 0.55%, while West Texas Intermediate (WTI) fell 1.04% to $90.16, Trading Economics data showed.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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