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News 2026-10-02 20:14 UTC

Grades fall on expected G7 release of 100 million barrels of oil

Grades broadly fell on Friday, dealers said, in anticipation of a release of emergency oil supplies from G7 countries intended to tame record high fuel prices as energy markets reel from the Iran war, now in its seventh month.Group of Seven countries agreed on Friday to release 100 million barrels…