International oil prices fell during Thursday's trading, in conjunction with the attention directed towards the (OPEC +) meeting scheduled for later today, amid expectations of commitment to the current production policy, which states that It lifted it by 432,000 barrels per day in May.
On the other hand, a report stated that the administration of US President Joe Biden is considering withdrawing more of the strategic crude reserve to deal with increased inflation and a shortage of supply.
Sources told Bloomberg that the Biden administration is considering releasing about one million barrels of oil per day over several months, and that the total of what the United States will release from its reserves may Records 180 million barrels.
In terms of today's trading, Brent crude futures for May delivery fell by 4.28% to reach $108.59 a barrel.
The US NYMEX crude contracts for May delivery also fell by 5.29% at the level of $102.12 a barrel.
