WTI crude oil fell more than 5% intraday, reportedly after the IEA proposed the largest release of strategic oil reserves in history.

CoinFeed reported on March 11 that, according to Bybit, WTI crude oil fell below $82 per barrel, down 5.20% on the day. The report stated that the IEA has proposed the largest release of strategic petroleum reserves in history, exceeding 182 million barrels.