Gate News: On March 9, the French Minister of Finance announced that France is prepared to use strategic oil reserves (national emergency energy reserves) to stabilize the market. G7 finance ministers stated they are ready to take all necessary measures to address market fluctuations, but no consensus has been reached yet on releasing strategic oil reserves. Following the announcement, international oil prices surged briefly, with WTI crude oil (West Texas Intermediate) currently at $103.6 per barrel and Brent crude oil at $101.8 per barrel.
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