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Oil prices slumped Friday as G7 nations agreed to a major release of fuel reserves, while Wall Street stocks jumped after data showed that...
The G7 will deploy 100 million barrels of reserves over the next four months, the group's leaders said in a joint statement.
Oil prices settled lower on Friday after European leaders agreed to a request by US President Donald Trump to release diesel from their reserves in an effort to lower prices and reduce reliance on US fuel imports, WAM reports.