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Energy Preview: WTI crude oil stays subdued as IEA considers its largest-ever oil reserve release
11-Mar-2026 09:06

WTI crude oil futures continue to stay off recent peaks amid reports the International Energy Agency (IEA) is considering its largest-ever oil reserve release to stabilize markets. The proposed drawdown would surpass the 182 million barrels released in 2022 following Russia's invasion of Ukraine. Nevertheless, persistent tensions in the Middle East are expected to limit losses in the counter. Currently, WTI crude oil is trading at $83.68 per barrel, up 0.40% on the day but off gains around $115 per barrel registered earlier this week. Meanwhile, Brent oil is holding under $88 per barrel mark.

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