Oil resumed falling as countries plan to release reserves, outbreak in EU
Oil resumed falling as countries plan to release reserves, outbreak in EU
International benchmarks for crude oil registered large drop on Friday, 19 November 2021 on the rise of infection cases in Europe while more major economies started to discuss the possibility of releasing petroleum reserves to ease crude oil market.
Brent plunged $2.35 or 2.9% to close at $78.89/barrel.
WTI for December delivery fell $2.91 to settle at $76.10/barrel.