IEA TO RELEASE FINAL 100 MILLION OIL BARRELS

The International Energy Agency agreed on October 15 to release the last 100 million barrels pledged under its emergency program launched in March, with 20 million barrels of diesel moving first. Member countries have already delivered 330 of the original 400 million barrels, but diesel remains the tightest product as refinery disruptions in Russia and the surrounding region keep squeezing supply. The decision pushed crude and diesel futures higher, a reminder that $USO exposure now hinges on how fast that last tranche actually reaches the market.