Oil prices were sharply lower on Friday morning, extending losses from earlier in the session, following reports of a potential European move to release diesel and crude stocks to ease a global supply shortage International benchmark Brent crude futures with December expiry traded 2.5% lower at $99.51 per barrel, while U.S. West Texas Intermediate futures with November expiry fell 3.6% to $89.47. It comes shortly after Reuters reported that European Union member states were discussing a French proposal to release additional diesel reserves following pressure from the Trump administration .
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