U.S. and allies may tap 60 million barrels; talks ongoing Oil pushed higher as the Russian invasion of Ukraine continued to ripple through the market, despite the looming potential of emergency reserves release by some countries in an effort to quell prices. Futures in London jumped by more than $4 a barrel. The U.S. and other major consuming nations are considering releasing 60 million barrels, according to people familiar. That would be equivalent to less than six days of Russian output , and traders are weighing how much impact that will have. The International Energy Agency will hold an extraordinary ministerial meeting on Tuesday, Executive Director Fatih Birol said . The American oil benchmark has whipsawed around $100 since the invasion last week as the market digested the impact of mounting financial penalties against Russia. Banks including Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. have […]