Coordinated reserve release eases some supply fears as oil prices fall

TOKYO: Oil prices fell on Wednesday as a US-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors took profits from the previous day’s rally ahead of the US Thanksgiving holiday. US West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2%, to $78.38 a barrel by … Read more