Brent crude plunges 12% to below $90 as markets bet on emergency stockpile release
Crude oil prices fell sharply during the evening session on Tuesday, 10 March, as hopes built for a possible release of emergency crude reserves to offset supply shortages.
Brent Crude, the international standard, tumbled 12% to the day’s low of $87.06 per barrel. Today’s fall follows a 17% drop from a four-year high in the previous session, when prices settled at $98.96.
