Crude oil prices decrease on US, China decision to release their Strategic Petroleum Reserves
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Oil prices fell by 0.75%-0.82%
As of November 17, 07:45 (UTC+3), Brent Crude futures for January settlement were trading 0.82% lower at $81.75 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for January delivery on the New York Mercantile Exchange fell by 0.75% to $79.14 a barrel.
Crude oil prices are decreasing in response to US and China's upcoming release of crude from their Strategic Petroleum Reserves (SPR).