Tokyo, March 11, 2026 (AFP) - Oil turns lower on report of IEA reserve release proposal

NAMPA / AFP

2026-03-11

Crude turned lower Wednesday after a report said that the International Energy Agency has proposed its largest ever release of oil reserves to bring down prices in the wake of the Iran war. At around 0040 GMT Brent Crude was down 0.84 percent at $87.06 while West Texas Intermediate was down 1.02 percent at $82.60. Countries were expected to decide the proposed release later Wednesday, the Wall Street Journal reported, citing unnamed officials. Ea......

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