French Finance Minister: G7 Fails to Agree on Strategic Oil Reserve Release

BlockBeats News, March 9th, the French Finance Minister stated that they are ready to tap into strategic oil reserves to stabilize the market, G7 finance ministers are ready to take all necessary measures, but there is still no consensus on the release of strategic oil reserves.

After the news release, WTI and Brent oil experienced a short-term rally, currently trading at $103.6 per barrel and $101.8 per barrel, respectively. (FX678)