Coin Bureau
Coin Bureau|Oct 07, 2026 13:43
🚨HUGE: The IEA is discussing a proposed 100 MILLION barrel oil and diesel reserve release TODAY. Around 325 MILLION barrels have already been released under the IEA’s 400 MILLION barrel March deal. 🇩🇪 Germany says its contribution would come from volumes already agreed in March, with "no new" release planned. 🇫🇷 France says much of its contribution was also "previously committed," though it could add around 2 MILLION barrels. 🇵🇱 Poland says it is "ready to release" stocks if members reach consensus. The exact volume and composition remain UNCLEAR, with final details expected October 14-15. For markets, the SIZE of any genuinely NEW supply is key. A LARGER fresh release could add downward pressure on crude and diesel prices, while a SMALLER one could limit the impact. Technically, Crude Oil remains below the EMA50, with bearish RSI divergence and its short-term downtrend intact.
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