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Reuters looks at new oil market data that could factor into political battles over potential U.S. use of strategic reserves.

“Global oil demand is poised to be depressed for the next 18 months while supply levels from OPEC countries are at fairly comfortable levels, the West's energy agency said on Wednesday as it faces calls for an emergency stocks release,” the news service reports in a story about the latest International Energy Agency data.

The IEA data could bolster the case against a U.S. election-season release of emergency oil.

“The IEA, which represents developed energy consuming countries, made only one mention of ‘market rumors of an imminent release of U.S. strategic stocks’ in its monthly report while painting a supply-demand picture implying such a release would not be necessary,” Reuters reports.