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EU Commission Spokesperson says that EU countries agreed that any release of oil stocks should be done under the IEA's March stock release action

StockNow breaking-news AI analysis

A supplied October 7 headline reports EU alignment with the IEA’s March stock-release action; earlier reports provide differing totals and limited detail on implementation.

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IEA members have expressed support for accelerating the oil stock releases announced in the collective action of March, looking to complete as soon as possible. Would bring c. 100mln barrels to the market.