Finance

Oil falls almost 3%, pulling back on its rally after the IEA says it can release more crude if needed


Oil prices slipped by over 2% Wednesday after the International Energy Agency (IEA) said it will release additional stocks to ease rising fuel prices. Brent crude futures were down 2.6% at $124.69 a barrel as of 7:10 a.m ET, after the agency’s head said it could boost supply in response to the US’s …

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