IEA countries to meet later Tuesday on release of oil reserves, but no decision made yet

IEA member countries in North America, Europe and Northeast Asia collectively hold about 1.2 billion barrels of oil in reserve. This represents the size of the members' collective oil holdings and serves as a potential buffer for oil markets; the note is informational and does not by itself imply an imminent policy action or price move.

Analysis

IEA member countries in North America, Europe and Northeast Asia collectively hold about 1.2 billion barrels of oil in reserve. This represents the size of the members' collective oil holdings and serves as a potential buffer for oil markets; the note is informational and does not by itself imply an imminent policy action or price move.