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Nov. 23, 2021, 2:42 p.m. EST

Oil ends with strong gains despite release of strategic reserves

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By William Watts


Oil futures ended with strong gains Tuesday, as traders appeared to fade a long-anticipated decision by President Joe Biden to release crude from the Strategic Petroleum Reserve as part of coordinated U.S.-led effort by energy-consuming countries. West Texas Intermediate crude for January delivery /zigman2/quotes/209723049/delayed CL00 +1.21% rose $1.75, or 2.3%, to finish at $78.50 a barrel on the New York Mercantile Exchange.

US : U.S.: Nymex
$ 73.69
+0.88 +1.21%
Volume: 263,109
March 28, 2023 2:07p

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