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WTI falls nearly 4% as Europe weighs emergency oil stock release

WTI traded at about $89.4 a barrel, while Brent slipped to roughly $99.8, after reports said European governments are discussing another coordinated release.

Reported · Written up by our desk · Energy

Oil prices fell sharply on Friday as Europe moved closer to another emergency release of crude stockpiles amid pressure from the Trump administration, OilPrice reported. WTI dropped nearly 4% and Brent fell below the $100 level.

At 6:54 a.m. ET, WTI was trading around $89.36, down 3.8%, while Brent was about $99.79 per barrel, down 2.5%.

The selloff followed reports that European governments are discussing another coordinated stock release, according to OilPrice.

Latest closeWTI crude $90.46 ▲1.2%|Brent $98.07 ▼4.4%

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