USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

120

Oil Eased On SPR Release Report

Oil prices dropped on Friday on the report that foreign oil reserves

Oil Eased On SPR Release Report

Oil prices dropped on Friday on the report that foreign oil reserves will be revealed to the US.

The International Energy Agency said its member countries would release 2 million barrels a day to help ease the crisis in the States after hurricane Katrina.

US light crude fell $1.90 to $67.57 a barrel on Friday on the NYMEX.

Brent crude in London also settled back, down $1.66 at $66.06 a barrel.

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