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‼️ ALL EYES ON G7: OIL RESERVE DECISION EXPECTED IN HOURS...
G7 energy ministers will hold a virtual meeting at 12:45 PM GMT today to decide whether to release emergency oil reserves.
Officials are weighing a huge 300M–400M barrel release to calm global markets.
The stakes are massive: oil just collapsed ~30%, crashing from nearly $120 to ~$83, completely erasing this week’s war-driven surge.
This comes as traders react to G7 reserve talks, potential changes to Russian oil sanctions, and Trump suggesting the Iran war could end soon.
If reserves are released: oil could drop further, easing gas prices and inflation worldwide.
If not: supply fears could return fast and oil could spike again.