Oil fell in early Asian trade, weighed down by the International Energy Agency’s announcement to release crude oil and diesel fuel.
The IEA’s decision to release crude oil and diesel fuel added downward pressure to oil markets during early Asian trading sessions.
Market participants reacted to the release announcement as the news spread across global energy trading desks.
The development reflects ongoing efforts by the International Energy Agency to manage global oil supply and diesel availability.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing