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The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session. ....
Oil prices fell sharply to below $107 a barrel on Thursday as the US administration considered releasing crude for several months from their Strategic Petroleum Reserve (SPR). ....
Financial markets brace for more turmoil this week as the Russia-Ukraine conflict shows little signs of easing. At the same time, European Union nations consider joining the US in a Russian oil embargo sanction. ....
US will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India and South Korea and the U.K - a coordinated attempt by the worlds largest oil consumers to tame prices ....