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News 2026-10-02 16:44 UTC

Crude Oil Falls Below $100/BBL After Europe Agrees to Release Diesel Reserves

Oil prices experienced a sharp decline on Friday, with crude dipping below $100 a barrel. This drop followed U.S. President Donald Trump's announcement that Europe has agreed to release a significant quantity of diesel from its emergency reserves. This action is anticipated to alleviate supply shortages that have been