WTI Sinks Nearly 4% as EU Weighs Emergency Stockpile Release ...Middle East

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WTI Sinks Nearly 4% as EU Weighs Emergency Stockpile Release
  Oil prices fell sharply on Friday as Europe moved closer to another emergency stock release under pressure from the Trump administration, with WTI dropping nearly 4% and Brent falling below $100. At 6:54 a.m. ET, WTI was trading at $89.36, down 3.78%, while Brent was trading at $99.79/barrel, down 2.46%. The selloff followed reports that European governments are discussing another coordinated release of emergency oil stocks as Washington pushes allies to put more barrels and diesel onto the market to ease the global fuel crunch. “We…

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