Oil Prices Fall as IEA Prepares to Release Additional Strategic Reserves
WTI and Brent crude prices declined sharply on Monday, driven by announced availability of additional strategic reserves and improved shipping through the Strait of Hormuz.
| Countries | Pakistan, États-Unis |
|---|---|
| Companies | Scotiabank, Lloyd's List, MarineTraffic |
| Sector | Pétrole, Exploration production |
| Theme | Prix, Sécurité énergétique |
Oil prices fell on Monday, driven by two converging factors: the International Energy Agency (IEA) said it was ready to unlock additional strategic reserves, and several tankers transited the Strait of Hormuz without incident over the weekend. West Texas Intermediate (WTI) crude for April delivery dropped 5.28% to $93.50 per barrel. North Sea Brent crude for May delivery fell 2.84% to $100.21 per barrel.
Comments
Sign in to leave a comment.