Oil prices fell this morning after the Wall Street Journal revealed that the International Energy Agency (IEA) has suggested releasing a significant amount of oil reserves, the largest in its history. This move aims to reduce the high crude prices that have surged due to the ongoing U.S.-Israel conflict with Iran. At 0023 GMT, Brent crude futures were down by 23 cents, which is a 0.26% decrease, bringing the price to $87.57 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) dropped by 37 cents, or 0.44%, to $83.08 per barrel.
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Oil prices fall after IEA proposes biggest oil stock release in history
