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 mark

Source: OilPrice.com