Prop firm news

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.

Oil reversed into positive territory: WTI at $91.50 after China halts fuel exports

WTI recovered intraday from the morning decline from around $88.00 and rose to nearly $91.50. The main driver was China's temporary suspension of oil product exports during the national holidays.