The members of the International Energy Agency (IEA) have agreed to release 120 million barrels of crude oil, according to Bloomberg. But 60 million barrels of that 120 million has already been accounted for as part of the 180 million barrel SPR release that the Department of Energy made last week. Between the IEA and the United States, 240 million barrels of crude oil is set to be released from the world’s strategic energy stores.
In the United States, the first 90 million barrels of the 180 million set to be released from the Strategic…WTI Crude Falls 5% As IEA Agrees To 120 Million Barrel SPR Release
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