World · 1 hour ago
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
