Crude oil futures are plunging
Oil prices rose by 4.26%-5.43%
As of 31 March 2022, 07:39 (UTC+3), Brent Crude futures for May settlement were trading 4.26% lower at $106.69 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for May delivery on the New York Mercantile Exchange fell by 5.43% to $101.96 a barrel.
Crude oil futures are decreasing on US plan to release one million barrels of oil a day from the Strategic Petroleum Reserve.
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