Agencies-Gaza post
Oil prices fall after Biden’s decision
Oil prices continue to fall on Monday after US President Joe Biden conducted using of large amounts of oil resources in the US, in an effort to lower high fuel prices.
The Bloomberg data reported that by 09:29 Moscow time, U.S. crude futures West Texas Intermediate fell 0.98% to $99.30 per barrel as Brent crude futures fell 0.75% to $103.90 per barrel.
Yesterday, US President Joe Biden ordered the withdrawal of up to 180 million barrels of oil from US warehouses over 6 months, an unprecedented move in the US.
Black gold prices fell on Thursday after the announcement of the move, aimed at easing worries about crude reserves under Ukraine-related needs.
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