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http://www.ft.com/cms/s/0/dbf5f648-9d9c-11e0-9a70-00144feabdc0.html#axzz1QBwVse86>
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This is only the third time in the history of the IEA – set up in 1974 as a counterbalance to Opec after the Arab oil crisis – that there has been a release. The move has been triggered by western concerns about the impact of high crude prices on the economic recovery. This covers, as I have heard, about 18 hours of world's consumption, or 3 days of US. It's a token move.
It would be much more interesting had they released the total reserve _information_.