Oil Prices Hover Near Year-Highs as OPEC Mulls Output Freeze

Oil Prices Hover Near Year-Highs as OPEC Mulls Output Freeze
·2 min read

Oil prices remained stuck around the $80-a barrel mark Thursday as a decision by the U.S. administration to release up to 50 million barrels of strategic reserves in a bid to push down gas prices faltered. Brent crude oil, the international benchmark, was broadly stable Thursday at $81 a barrel. West Texas Intermediate was down 0.2% to $78.2 a barrel.

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