The International Energy Agency said Thursday that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine.
The Paris-based organization says the new commitments made by its 31 member nations, which include the United States and much of Europe, amount to a total of 120 million barrels over six months, the largest release in the group's history.
