Oil Slides as IEA Releases 400 Million Barrels From Strategic Reserves
Crude prices fell after the International Energy Agency announced the release of 400 million barrels from strategic reserves. Partial resumption of oil traffic through the Strait of Hormuz bolsters market sentiment.
| Countries | États-Unis, Pakistan, Ukraine |
|---|---|
| Companies | Scotiabank, MarineTraffic, Lloyd's List |
| Sector | Pétrole, Carburants |
| Theme | Prix, Sécurité énergétique, Analyse sectorielle |
Crude oil prices fell Monday, following the release of 400 million barrels from strategic reserves by the International Energy Agency (IEA) and partial resumption of traffic through the Strait of Hormuz, reassuring markets. West Texas Intermediate (WTI) crude, the U.S. benchmark for April delivery, plummeted 5.28% to $93.50 per barrel. North Sea Brent crude for May delivery lost 2.84% to $100.21 per barrel.
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