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Oil Prices Were Already Falling, So Why Tap Reserves Now? "It's a situation where the
IEA is stepping in and taking one of the biggest concerns out there—headline inflation—which you've got on the food side and they're trying to address it on the energy side." Schork said it "is only fitting that we extract
... read moreOil sinks after IEA moves to release reserves SAN FRANCISCO (MarketWatch) — Crude futures slumped Thursday after the
International Energy Agency said it will release 60 million barrels of oil into world markets in the coming month to counteract
... read moreGheit Says IEA Release of Oil Stocks Is `Very Good Step' June 23 (Bloomberg) -- Fadel Gheit, an analyst at Oppenheimer & Co., talks about the
International Energy Agency's announcement today that it will release 60 million barrels of oil from emergency stockpiles to alleviate possible shortages following the
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