Sam Price Discusses G7 Coordination on Oil Release Plan
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According to Twitter user Sam Price, the G7 is coordinating the release of 100 million barrels of oil and diesel through the International Energy Agency to alleviate the pressure of rising fuel prices. Under strong advocacy from the United States, diesel will be released in concentrated amounts over the first 20 days, aiming to address the record increase in diesel prices caused by supply disruptions in the Middle East. If this oil successfully enters the market, energy inflation will be alleviated, which would have a positive impact on risk assets and Bitcoin.
-- Price
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