Oil prices fall on report of record IEA reserve release

2026-03-11 - 08:05

Shafaq News- Baghdad/ Erbil Oil prices fell on Wednesday after a report that the International Energy Agency is considering the largest release of strategic oil reserves in its history to curb crude prices that surged during the US-Israel-Iran war. Brent crude futures slipped 23 cents (0.26%) to $87.57 per barrel at 0023 GMT, while US West Texas Intermediate crude dropped 37 cents (0.44%) to $83.08 per barrel.