Oil settled with minor decreases as market assess impact of SPR releases
Oil settled with minor decreases as market assess impact of SPR releases
International benchmarks for crude oil settled with minor decreases on Wednesday, 25 November 2021 despite a report from the EIA that showed larger than expected decreases in US gasoline inventories, as investors assess the potential impact of the strategic petroleum reserve release on the pricing.
Brent fell 6 cents to close at $82.25/barrel.
WTI dropped 11 cents to close at $78.39/barrel.