Crude oil market plunged on higher US crude inventories and inflation fear
Crude oil market plunged on higher US crude inventories and inflation fear
International benchmarks for crude oil ended the trading session on Wednesday, 10 November 2021 with sharp losses as investors sell riskier assets on the concerns that the US would release more oil from its reserves, and central banks might take steps to control the inflation.
Brent plunged $2.14 or 2.5% to close at $82.64/barrel.
WTI dived $2.81 or 3.3% to settle at $81.34/barrel.