Oil slides as U.S. holds off refilling strategic reserve
10 Articles
10 Articles
Oil slides as U.S. holds off refilling strategic reserve
By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve (SPR) may take several years,
Oil Updates - Prices slides as US holds off refilling strategic reserve
Fri, 2023-03-24 10:16 LONDON: Oil prices fell sharply on Friday amid declining European banking shares and after US Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years, dampening demand prospects. Brent crude fell $2.50, or 3.3 percent, to $73.41 a barrel by 1031 GMT, while West Texas Intermediate US crude futures dived $2.47, 3.5 percent, to $67.49 a barrel.Main category: B…
Oil Falls as US Holds Off Refilling Strategic Reserve
Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. Brent crude fell 34 cents, or 0.45 percent, to $75.57 a barrel by 0412 GMT, while U.S. West Texas Intermediate crude futures slipped 32 cents, 0.46 percent, to $69.64 a barrel. Both benchmarks, which fell about 1 percent on Thursday, were …
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