Baku 21° C
Oil drops within 1% on news about release of crude from US reserves
Energy
- 14 February, 2023
- 05:16
Add Report.az to preferred Google sources
Stay up to date with the top news!
World oil prices on Tuesday morning fell within 1% on reports of US plans to release oil from the strategic reserve, Report informs, citing auction data.
The price of April futures for Brent crude fell by 0.69% to $86.01 per barrel, and March futures for WTI rose by 1.09% to $79.27.
Earlier, Bloomberg reported that the US authorities plan to sell 26 million barrels of oil from the strategic reserve in April-June.
OPEC's monthly report on the state of the global oil market will be released later in the day. In the document, the organization will update production and demand forecasts. Investors will follow OPEC signals on the outlook of economy and the current situation.
Author
Latest News
11:23
Brent falls to $105.51 per barrel
Energy
11:22
Bulgaria to summon Russian ambassador over drone attacks on ships
Other countries
11:19
Azerbaijani parliament begins its plenary meeting with 13 items on agenda
Milli Majlis
11:13
Photo
Arzu Aliyeva and Alena Aliyeva attend premiere of feature film '44'
Domestic policy
11:07
Azerbaijan plans expansion of Instant Payment System
Finance
11:06
Photo
President Ilham Aliyev holds one-on-one meeting with President of Laos
Foreign policy
11:01
Azerbaijan's Central Bank to present bill to expand capabilities of fintech companies
Finance
10:54
Global trade issues to boost demand for secure fintech solutions
Finance
10:50
Photo
Azerbaijani delegation participates in Int'l Justice Summit in Istanbul
Region