IEA Holds Meeting on G7's 100M-Barrel Oil Release
The International Energy Agency is holding an informal meeting to discuss the G7's planned release of 100 million barrels of oil and diesel stocks from emergency reserves to ease the current fuel supply crunch, according to two EU diplomats.
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Why: G7 oil stock release → increased supply
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At publication → CurrentBRENTOIL101.81 → 102.21+0.4%
CL90.56 → 91.14+0.6%