Oil Prices Fall as Traders Weigh Reserve Releases and Hormuz Risks
December Brent crude futures fell 0.9% to $105.00 a barrel. Traders weighed plans to accelerate emergency oil-stock releases against Middle East supply risks and uncertainty over shipping through the Strait of Hormuz.
By Farhan RafidOil prices fell Friday as traders weighed plans to accelerate emergency oil-stock releases against persistent Middle East supply risks and uncertainty over shipping through the Strait of Hormuz.December Brent crude futures fell 0.9% to $105.00 a barrel, while December West Texas Inte…