Oil prices drop after U.S. reserve release

INA – SOURCES
 
Oil prices fell about 1% after the United States said it would release more crude from its Strategic Petroleum Reserve, lifting some supply concerns from the market.
 
Brent futures for April delivery fell 96 cents, or 1.1%, to $85.65 a barrel. U.S. West Texas Intermediate crude futures for March fell by 87 cents, or 1.1%, to $79.27 a barrel.