Prop firm news

Europe to sell 42 million barrels from reserves over three months: what this means for oil prices

European countries will sell 42 million barrels of oil from strategic reserves over three months. France announced this, Bloomberg reports.

Oil -3%: G7 releases 100 million barrels from reserves

G7 countries plan to release up to 100 million barrels of diesel fuel and crude oil from strategic reserves. On this news, oil fell by about 3%, but later the decline stopped due to persistent geopolitical risks surrounding Iran.