Oil eases as traders weigh Biden plan and mixed report on US inventories

Oil prices have retreated since hitting a seven-year peak last month, and traders and analysts are now assessing the market's likely trajectory into 2022.

BY MARKETWIRE, TRANSLATED BY L.N. BARNES

Oil declines somewhat Wednesday as investors weigh whether or not the Biden administration will tap national oil reserves in a coordinated move with nations such as China and a mixed report on US stockpiles.

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