Brief by Shorts91 Newsdesk / 03:16am on 03 Oct 2026,Saturday International
Global oil prices remained close to $100 a barrel after the G7 agreed to release up to 100 million barrels of crude oil and fuel from emergency reserves over four months. The coordinated move, to be managed through the International Energy Agency (IEA), aims to ease fuel shortages and stabilize energy markets. A substantial portion of diesel is expected to be released within the first 20 days as diesel prices remain elevated. Brent crude settled at about $102.25 per barrel, while U.S. WTI ended at $91.11. Supply disruptions and geopolitical tensions continue to influence prices.
