Energy Agency Mulls Oil Reserve Use

The International Energy Agency is discussing a proposal to draw from oil and diesel reserves to address supply shortages and rising prices, amid confusion over the amount of barrels Europe and the United States will provide. In the United States, crude oil and gasoline inventories decreased by two million and 1.37 million barrels respectively, while distillate inventories increased by approximately 461,000 barrels, during the week ending October 2nd.

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