The S&P 500 ( ^GSPC 1.16%) closed Wednesday's trading at 6,775.8, having fallen roughly 3.2% from its all-time high set in late January.

Oil prices continued to rise on Thursday despite major countries agreeing to release a record amount of oil from their emergency reserves as they try to curb the impact of the Iran war.

The world’s energy watchdog is expected to call on its 32 members to release about 400m barrels of emergency crude, a third of the group’s total government stockpiles and more than double the IEA’s pr...

Member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil into the global market – the largest release of emergency oil stocks in history – in a drastic move aimed at shoring up crude supplies and capping a surge in prices caused by the conflict in the Middle East.

A group representing many of the world’s wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war o...