International Energy Agency Confirms Crude Prices Decline Following Supply Release

The International Energy Agency clarified on Friday that oil prices have begun to decline following the adoption of a decision to release one hundred million barrels. The head of the agency, Fatih Birol, stated in press remarks that oil prices have indeed started to decrease after the decision to release one hundred million barrels. In the same context, US President Donald Trump emphasized on Friday that Europe agreed to withdraw a large volume of diesel reserves. Trump explained in press statements that Europe has just agreed to release a large amount of diesel inventories. Trump added, indicating that the European implementation of this decision will start immediately. Media reports revealed on Friday that the option of releasing the strategic oil reserve is on the table to contain rising prices.