International Energy Agency announces release of crude oil from global strategic reserves

Wow!

"The act will be the largest release of crude from global strategic reserves in history."

''International Energy Agency’s announcement that its member countries would release a record 400 million barrels of oil from strategic reserves." (WSJ)

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Disclaimer:

I am currently blogging from behind the Great Firewall of China.

My Internet service in China is very spotty. Thus, I am not able to blog as usual.