
Oil drops as U.S. backs off from filling strategic reserve By Reuters
© Reuters. FILE PHOTO: A tugboat pushes an oil barge through New York Harbor in New York, U.S., May 24, 2022. REUTERS/Brendan McDermid By Yuka Obayashi TOKYO (Reuters) – Oil prices tumbled on Friday, extending the previous day’s losses, on concerns over potential oversupply after U.S. Energy Secretary Jennifer Granholm said filling the the country’s…