Oil Prices Fall As Rail Strike Fears Fade ...Middle East

Economy by : (OILPRICE) -
Oil prices fell on Thursday morning after a rail union reached a tentative agreement with its workers, averting a potentially disastrous rail strike in the United States. WTI fell on Thursday to $84.97—a $3.5 (-3.97%) loss on the day. Brent crude fell to $90.53 at the time of writing, a drop of $3.57 (-3.79%) on the day. Also weighing on prices are the dashed hopes that the United States would refill the SPR with sub-$80 oil. White White House sources suggested earlier that the SPR would be refilled when oil fell below $80 per barrel, the…

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