IEA to announce oil stock release recommendation at 1300 GMT, may total 400 million barrels, sources say

IEA is set to announce at 1300 GMT a recommendation on releasing oil from strategic reserves, according to two sources. A recommendation for coordinated reserve releases would be a sector-moving development that could ease near-term supply tightness and weigh on oil prices and energy-sector assets.

Analysis

IEA is set to announce at 1300 GMT a recommendation on releasing oil from strategic reserves, according to two sources. A recommendation for coordinated reserve releases would be a sector-moving development that could ease near-term supply tightness and weigh on oil prices and energy-sector assets.