Home > Business WTI crude down more than 5 percent as US mulls tapping reserves Agence France-Presse Posted at Mar 31 2022 02:39 PM Share Facebook Twitter LinkedIn Viber A file photograph showing pumping units sihouetted against a setting sun work continuously in an oil field near Los Angeles, California USA 11 March 2008. Paul Buck, EPA-EFE/File HONG KONG - WTI prices plunged more than 5 percent Thursday on reports the United States is considering releasing a million barrels a day for several months to address a supply crisis caused by Russia's war with Ukraine. West Texas Intermediate sank 5.21 percent to $102.20, while Brent was off 4.23 percent at $108.65. More details to follow. Fuel, flour prices expected to rise as Ukraine crisis continues Duterte OKs P3-billion fuel discount for drivers, farmers amid Ukraine crisis Oil stays above $120 per barrel ahead of NATO Russia-Ukraine summit RELATED VIDEO: Watch more News on iWantTFC Share Facebook Twitter LinkedIn Viber ANC, ANC Top, oil reserves Read More: oil gas oil supply WTI crude oil US oil reserves Russia Ukraine