President Joe Biden on Wednesday called on U.S. companies to increase oil production and confirmed that the U.S. will continue to tap into its strategic reserves in an effort to stabilize prices at the pump.
President Joe Biden on Wednesday called on U.S. companies to increase oil production and confirmed that the U.S. will continue to tap into its strategic reserves in an effort to stabilize prices at the pump.
Oil prices wavered Tuesday, caught up in uncertainties about global crude demand, while natural gas continued to decline in Europe. By 10:30 GMT (12:30 in Paris), a barrel of Brent North Sea crude for December delivery was down 0.20 percent to $91.44. U.S. West Texas Intermediate (WTI) for November delivery was down 0.25 percent at $85.25 a barrel.
Oil prices wavered Tuesday, caught up in uncertainties about global crude demand, while natural gas continued to decline in Europe. By 10:30 GMT (12:30 in Paris), a barrel of Brent North Sea crude for December delivery was down 0.20 percent to $91.44. U.S. West Texas Intermediate (WTI) for November delivery was down 0.25 percent at $85.25 a barrel.