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G7-to-release-emergency-crude-stock

Oil steadies as Middle East crude exports rise and G7 to release stocks
Oil steadies as Middle East crude exports rise and G7 to release stocks
Oil prices inched higher in volatile trade on Monday ​after crude exports from the Middle East increased and the Group of Seven nations pledged to boost supplies, although ‌concerns about ongoing disruption linked to the US-Israeli war on Iran limited selling.Brent crude futures inched up 5 cents to $102.30 a barrel at 0900 GMT, while US West Texas Intermediate crude was at $90.62 a barrel, down 49 cents, or 0.5%. Both contracts fell over 1% earlier in the session.Brent gave up most of its ​gain...
Global Economy•05 October 2026