SIMGAPORE, Nov 23 (Reuters): Oil prices dropped by more than 1% on Tuesday ahead of the expected release of US crude reserves to cool the market while resurgent Covid-19 cases in Europe also weighed on demand.
The United States' planned release of emergency oil reserves is part of a plan that President Joe Biden's administration has hashed out with China, India and Japan to lower energy prices.
Already a subscriber? Log in.
Unlock 30% Savings on Ad-Free Access Now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
