Europe Set to Release 42 Million Barrels of Oil, France Says

Roland Lescure, France's economy minister, said Thursday that Europe will release 42 million barrels of oil from reserves into the market over the next three months. Lescure attributed the move to a commitment to ease prices. The announcement did not specify which European nations would participate or the mechanism for the coordinated release.

• Bloomberg — Europe Set to Release 42 Million Barrels of Oil, France Says

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