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French Finance Minister: G7 Still Not in Agreement on Releasing Strategic Oil Reserves
Mars Finance News: On March 9, the French Minister of Finance stated that they are prepared to use strategic oil reserves to stabilize the market. G7 finance ministers are ready to take all necessary measures, but no consensus has been reached yet on releasing strategic oil reserves. Following the announcement, both WTI and Brent crude oil prices briefly surged, currently trading at $103.6 per barrel and $101.8 per barrel respectively. (Jin10)