Oil set for biggest weekly losses in 2 yrs after stockpile release

Oil extended losses on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever US oil reserves release. After US President Joe Biden announced the release on Thursday, prices slumped 7% and both benchmarks were on course for their biggest weekly falls in two years, at 14% and 13% respectively.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TrkMACm
via IFTTT