Oil Prices for Nov. 25, 2021: Brent Crude, WTI - Bloomberg

Oil was steady after OPEC said a planned coordinated release of reserves may swell a crude surplus expected early next year.

Futures in New York traded near $78 a barrel. The projection was made by the producer group’s advisory body -- the Economic Commission Board -- ahead of an OPEC+ meeting next week. Some of the group’s delegates warned this week that releasing strategic reserves may lead to the alliance holding back crude supply in January.

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November 25, 2021 at 06:52AM
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Oil Prices for Nov. 25, 2021: Brent Crude, WTI - Bloomberg
"oil" - Google News
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