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Oil prices dropped on March 11 after the Wall Street Journal reported that the International Energy Agency has proposed the largest oil reserve release in its history. Brent traded about 0.26% lower near $87.57 and WTI about 0.44% lower near $83.08.
A record proposed stock release is a supply-side measure that caps crude upside and eases energy costs. The moves so far are modest, so the price impact depends on whether the release is approved and executed.
reuters.comMar 11, 2026After 210 past bearish policy events, BRENT moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.
After 215 past bearish policy events, WTI moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
