The International Energy Agency says it isn't planning an immediate release of emergency oil stockpiles in response to the tension in the Middle East, where Iran has threatened to shut down the Strait of Hormuz, a vital artery for oil shipments.
Click here for the Bloomberg News report.
--Jack Z. Smith
Source: http://blogs.star-telegram.com/barnett_shale/2012/01/iea-no-emergency-oil-release-set.html
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