Economy · World
G7 Nations Agree to Release 100 Million Barrels of Oil Reserves
The Group of Seven (G7) industrial nations have agreed to release 100 million barrels of oil and fuel products from reserves. This decision comes amid pressure, including from the United States, to cap soaring gas and diesel prices. The release is expected to begin with diesel and crude oil. Following reports of this potential stock release, oil prices saw a fall, with Brent crude trading back below $100.
How outlets across the spectrum covered it
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- Centre (6): CNBC, Euronews, Global News (Canada), NBC News, The Age, The Globe and Mail