Oil Swings After Report IEA Proposing Record Reserves Release


IEA members are expected to decide on the proposal to release emergecny reserves on Wednesday, the WSJ said, citing officials familiar with the matter. The measure would be adopted if none object, but protests by one country could delay the plan, it said. The Group of Seven nations had earlier this week asked the IEA to prepare scenarios for the release of emergency oil stockpiles.



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