LAST UPDATE: 17.11
International oil prices are falling more than $ 3 a barrel as the United States considers releasing up to 180 million barrels of its strategic oil reserves (SPR) over a six-month period to calm calming prices. rising oil.
The global benchmark, Brent crude oil delivery June falls 3.19% to $ 107.86 while on the other side of the Atlantic, the American WTI crude delivery in Mayis down 3.88% at $ 103.64 a barrel, while earlier it had fallen to $ 100.85 a barrel.
US President Joe Biden is due to speak later today to announce his plan, sources told Reuters, with the aim of reducing gasoline prices, which have risen to record levels since the Russian invasion of Ukraine.
“If it proves to be at this level, it will be important and it would certainly help to some extent to cover the deficit, but not all,” said an ING analyst, commenting on the 180 million barrels.
“Another key question is whether this volume would be part of a broader coordinated release,” he added.
The IEA has requested an extraordinary ministerial meeting on Friday to discuss the oil supply, said a spokesman for the Australian Minister of Energy.
Source: Capital
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