WASHINGTON (Reuters) -- International Energy Agency states agreed to tap 60 million barrels of oil from storage, the director of the group said on Wednesday, on top of a 180-million-barrel release announced by Washington last week aimed at cooling prices after Russia's invasion of Ukraine.
The move by the U.S.-allied IEA countries, which represent 31 mostly industrialized countries but not Russia, would be their second coordinated release in a month and would be the fifth in the agency's history to confront oil market outages.
