Brent crude oil fell $1 on Wednesday, pressured as a report in Le Monde said France is in contact with Britain and the United States on a possible release of strategic oil stocks.
By 10:21 SA time, Brent was down $1.00 at $124.54 a barrel.
A release of strategic oil stocks “is a matter of weeks, not days”, the French newspaper said, though some analysts were sceptical. - Reuters