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IEA agrees to record release of emergency oil reserves in an effort to calm surging prices
The Paris-based organization said it will make 400 million barrels of oil available from its members’ emergency reserves.
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Unprecedented' agreement releases emergency oil reserves as gas prices spark concerns
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A cohort of developed nations agreed to release a record amount of emergency oil reserves Wednesday amid the impact that the U.S. attacks against Iran have had on the oil market.