After plummeting early in the day, the price of crude oil has regained some ground over the course of the trading session on Friday but remains sharply lower.
Crude oil for November delivery was last seen trading at $91.70 a barrel, down $1.17 or 1.3 percent, after plunging as much as $4.81 or 5.2 percent to a low of $88.06 a barrel.
The early nosedive by crude oil came after a report from Reuters said European Union countries have discussed a French proposal to release diesel reserves in response to U.S. pressure to help cool surging fuel prices linked to the Iran war.
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Market Analysis
Crude Oil Prices Climb Well Off Worst Levels But Remain Sharply Lower
2026-10-02 18:40:11
