After the news that the United States produced about 15 million barrels of oil, how did crude oil prices trade?

Today, Tuesday, oil prices fell slightly after the media reported that the US plans to release another 10-15 million barrels of oil from the strategic reserve.

Yesterday, Monday, Bloomberg journalist Jennifer Jacobs said on her Twitter page that the administration of US President Joe Biden intends to take this measure in order to “maintain a balance in the market and prevent gasoline prices from rising.”

By 15:45 Moscow time, futures for US West Texas Intermediate oil were trading at $85.23 per barrel, which is 0.27% lower than the previous settlement price.

Meanwhile, Brent futures traded at $91.52 a barrel, down 0.44% from the previous session.

Source: RT + Bloomberg