Blame it on Paris – oil prices plungeInternational Energy Agency announces release of 60 million barrels of crude, half to come from U.S. Strategic Petroleum Reserve By Wesley Loy For Petroleum News
Crude oil prices dropped sharply after the International Energy Agency announced June 23 its 28 member counties would release 2 million barrels a day of crude oil from their emergency stocks to stem further tightening of supplies amid the Libya crisis.
The Paris-based IEA said a total of 60 million....
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