The post Oil Prices Crash as Europe May Release Strategic Reserves appeared first on Coinpedia Fintech News
Oil prices fell sharply, with Brent crude trading around $103.50 and U.S. crude below $90. The decline followed reports that European countries could release oil stocks amid pressure from the United States. A release of strategic reserves could increase near-term oil supply and add further pressure to crude prices. Markets are now watching for confirmation …