Oil Updates — Crude down; UAE energy minister says no need for early OPEC+ meeting

RIYADH: Oil prices fell on Tuesday after the US government said it would release more crude from its Strategic Petroleum Reserve as mandated by lawmakers, defying expectations from some traders that the release could be canceled or delayed.

Brent crude futures fell by 67 cents, or 0.77 percent, to $85.94 per barrel at 09.00 a.m. Saudi time, while US crude futures fell by 93 cents, or 1.16 percent, to $79.21 per barrel.