Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging prices AP NewsCountries agree on historic release of crude reserves to lower oil and gasoline prices CNNCountries agree to a historic release of stockpiled oil to ease global disruption NPRIEA agrees to release record 400 million barrels of oil to address Iran war supply disruption CNBC
A day after the price of oil had spiked to nearly $120 a barrel, the S&P 500 ended Tuesday 0.2 percent lower, even as the U.S. bombing campaign of Iran intensified.