Oil futures declined Wednesday, with U.S. prices ending the session below $100 a barrel — at their lowest since mid-March. The International Energy Agency’s Executive Director Fatih Birol tweeted that the IEA will release 120 million barrels from its oil reserves. The release includes 60 million from the U.S., as part of that nation’s previously announced overall draw from its Strategic Petroleum Reserve, he said. West Texas Intermediate crude for May delivery fell $5.73, or 5.6%, to settle at $96.23 a barrel on the New York Mercantile Exchange, the lowest front-month contract finish since March 16, FactSet data show.
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