Oil slides as U.S. holds off refilling strategic reserve
Summary by Ground News
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, dampening demand prospects.
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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.
Oil falls as US holds off refilling strategic reserve
TOKYO : Oil prices fell on Friday, extending the previous day's losses, on worries about potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve (SPR) may take several years.Brent crude futures slid 48 cents, or 0.6 per cent, to $75.43 a
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.
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 …
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…