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<Commodity>Oil Price's Gains Narrow as G7 Finance Ministers Say Oil Reserves to Be Released If Necessary
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The finance ministers of the G7 said on Monday that they are prepared to take all necessary measures to support global energy supply, including releasing strategic oil reserves. They will continue to closely monitor the situation and developments in the energy market, and hold meetings as needed to exchange information and coordinate actions within the G7 and with international partners, the G7 added. They are ready to take necessary measures at any time, including supporting global energy supply, such as releasing inventories. The price of New York oil futures for April delivery advanced by US$4.3 or 4.8% to US$95.2. Brent oil futures for May delivery swelled by US$7.3 or 7.8% to US$100.2. AASTOCKS Financial News |
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