Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

World · 1 hour ago

Oil prices drop over 2% as Europe considers releasing emergency fuel reserves

Oil prices drop over 2% as Europe considers releasing emergency fuel reserves

European Union countries met on Friday to debate a French plan to release 50 million barrels of diesel from storage. The news pushed the price of Brent crude, a major global oil benchmark, down to about $99 a barrel. The talks follow pressure from America, which wants more global supplies available to help avoid banning its own diesel exports.

Reported by Reuters · How we write briefs

Understand this story

Why do oil prices matter? Why oil prices matter Why do oil prices matter to me?

More briefs

WorldNepal to drain four glacial lakes after floods killed more than 1,400 WorldTaiwan receives first two F-16s after 5-year software delay World‘I couldn’t let everybody die’: Hero Flydubai pilot reveals terrifying cockpit battle with his own co-pilot as plane plunged WorldUS sends third aircraft carrier to Middle East as Trump warns of strikes WorldAbout 400 French schools close Friday after student protests turn violent WorldGermany ready to help if Britain wants to rejoin the EU More world stories → Browse all stories →