Consumer watchdog International Energy Agency's emergency oil release is a desperate measure that threatens to undo two decades of cooperation with OPEC and could fail to calm prices.
Thursday's announcement of a 60 million-barrel release from emergency stocks - only the third in the IEA's 37-year history - came after consumer nations unsuccessfully applied pressure on the Organisation of the Petroleum Exporting Countries to increase its output at a meeting this month.
The talks collapsed in disarray, but top exporter Saudi Arabia said it would still produce as much oil as the market needed.
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