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G7 coordinates 100 million barrel oil and diesel release

Oil

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  • USO

    WTI proxy (USO)

    147.37

    -1.77%

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The G7 is releasing 100 million barrels of oil and diesel from strategic reserves to stabilize global energy markets. This coordinated action follows threats of a potential US diesel export ban. The release aims to mitigate price volatility and ensure supply continuity across international markets. Monitor global diesel price benchmarks and US export policy developments for further shifts.

Source: BBC Business

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