The U.S. energy secretary said he was discussing with allies to release further crude oil to stabilize the oil market

Foreign news on March 24, US Energy Secretary Jennifer Granholm said on Thursday that after the Russian-Ukrainian conflict, the United States and its allies are discussing the possibility of further coordinating the release of crude oil inventories to help stabilize the oil market
.

"There's a discussion going on about emergency stockpiles, and all these tools are definitely on
the table," Granholm said.
”

Members of the International Energy Agency agreed earlier this month to release more than 60 million barrels of oil reserves to cool rising oil prices
.
Oil prices have affected the cost of living and stimulated inflation
.

Brent crude was trading around $120 a barrel on Thursday, up from $
105 when reserves were last released.

International Energy Agency Administrator Fatih Birol said the oil released earlier accounted for only 4 percent
of its members' total reserves.
IEA membership includes 31 major industrialized countries, but not Russia
.