Oil falls as U.S. gasoline stock draw raises prospect of SPR release
Written by Black Hot Fire Network on November 17, 2021
A worker collects a crude oil sample at an oil well operated by Venezuela's state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins
MELBOURNE, Nov 17 (Reuters) - Oil prices dropped on Wednesday after U.S. gasoline stocks fell more than expected last week, which could heighten pressure on the Biden administration to release oil from emergency reserves to cap soaring gasoline prices.
