October 10, 2026
Business

Oil Price Today: Crude oil prices drop below $100 despite Iran-Israel war entering 14th day. Here’s why(Soban News)

Crude oil prices dipped Friday morning after the U.S. issued a 30-day license for countries to purchase stranded Russian oil, easing immediate supply concerns. This follows a U.S. announcement to release 172 million barrels from its Strategic Petroleum Reserve as part of a coordinated effort with the IEA to stabilize global energy markets amid ongoing tensions in the region.

​Crude oil prices dipped Friday morning after the U.S. issued a 30-day license for countries to purchase stranded Russian oil, easing immediate supply concerns. This follows a U.S. announcement to release 172 million barrels from its Strategic Petroleum Reserve as part of a coordinated effort with the IEA to stabilize global energy markets amid ongoing tensions in the region. by Soban News (international And National News)

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