IEA Move Seen as ‘Teasing,’ Not Easing

- June 28th, 2011

CNBC reports that the decision by the International Energy Agency (IEA) to release an additional oil into the market is teasing.

CNBC reports that the decision by the International Energy Agency (IEA) to release an additional oil into the market is teasing.

The market news is quoted as saying,

John Licata, Chief Commodity Strategist at Blue Phoenix, says the IEA’s move to add more oil to the marketplace when there is no rise in demand or notable disruption in supply is troubling.

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