OPEC Nations to Open Oil Reserves if Necessary Oil prices continue to fall, despite reports that several oil wells are on fire in southern Iraq. Traders on the oil market say promises by OPEC nations to release crude oil reserves if needed have gone a long way to stabilize the market. NPR's Jim Zarroli reports.

OPEC Nations to Open Oil Reserves if Necessary

Hear NPR News

Audio for this story is unavailable.

Oil prices continue to fall, despite reports that several oil wells are on fire in southern Iraq. Traders on the oil market say promises by OPEC nations to release crude oil reserves if needed have gone a long way to stabilize the market. NPR's Jim Zarroli reports.

Related NPR Stories