Oil prices stabilise after wild swings on prospect of crude stockpiles release By Reuters – Investing.com
- Date: 19-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Oil prices stabilise after wild swings on prospect of crude stockpiles release By Reuters – Investing.com
By Aaron Sheldrick
TOKYO (Reuters) - Oil prices steadied on Friday as investors paused for breath following a day of wild swings prompted by the prospect of coordinated action by the world's major economies to release official crude reserves from stocks.
was up 28 cents or 0.3% at $81.52 a barrel by 0145 GMT, after falling to a six-week low on Thursday before rebounding to close 1.2% higher.
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