U.S., IEA to Release Oil from Reserves

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Oil prices fell to a four-month low after the International Energy Agency said its members will release 60 million barrels of crude from emergency stocks, half from the U.S. strategic reserve, to offset production lost to the unrest in Libya, only the third time in its history that the IEA has intervened in this way.

http://online.wsj.com/article/SB1000...929000178.html