Oil prices sink as Joe Biden announces largest-ever release of emergency US oil supplies, ASX edges lower - ABC News

3/31/2022 12:00:00 AM3 years 1 month ago
by David Chau

Australian shares close slightly lower, following a 6 per cent drop in oil prices as Joe Biden announces the US will release 180 million barrels of oil from its Strategic Petroleum Reserve over six months, and Wall Street posts its worst quarterly loss since …

The Australian share market posted slight losses on Friday, while Wall Street posted its worst quarter since the COVID-19 pandemic struck and oil prices fell sharply. Key points: