Oil slides before consumer nations' meeting on stocks release | Reuters
Oil prices fell about $1 on Friday, ahead of a meeting of consuming nations to discuss a new release of emergency oil reserves alongside a huge planned release by the United States.
U.S. West Texas Intermediate (WTI) crude futures were down$1.02 at $99.26 a barrel by 0629 GMT, after trading as high as $101.75. The contract slumped 7% on Thursday.
Brent crude futures slid by 79 cents to $103.92 a barrel, after dropping 5.6% on Thursday. The May contract expired on Thursday at $107.91.
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