From Bloomberg. So... what's the emergency? These guys long DUG and DTO?
By Tara Patel and Grant SmithJune 23 (Bloomberg) -- The International Energy Agencyannounced that it will release 60 million barrels of oil fromemergency stockpiles.The IEA has coordinated the use of emergency stockpilestwice since the agency was founded in 1974. The first occasionwas during the 1991 Persian Gulf War, and the second whenHurricane Katrina damaged oil rigs and refineries in the Gulf ofMexico in 2005.