G7 to Release 100 Million Barrels From Emergency Oil Stocks

G7 to Release 100 Million Barrels From Emergency Oil Stocks

100 million barrels of crude oil and fuel will be released from emergency reserves (stockpiles saved for crises) by the Group of Seven over several months. Al Jazeera reported Oct. 3, TIME confirmed Oct. 4. Crude and diesel prices fell Oct. 1, the Wall Street Journal reported. If transit disruption lasts, it could ease pump and heating costs.

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