EnergyWatch

Release of strategic reserves quells oil prices

According to Reuters, China announced a partial release of its strategic oil reserves on Thursday while oil prices continue to fall.

Photo: Rob Carr/AP/Ritzau Scanpix/AFP / GETTY IMAGES NORTH AMERICA

Oil prices continue downward Thursday morning amid rumors of strategic petroleum reserve releases in China and the US.

A barrel of European reference oil Brent trades Thursday morning for USD 79.94 against USD 81.45 at closing trading hours Wednesday CET.

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