---
title: "Reports indicate that the G7 will discuss a joint release of emergency oil reserves, causing international oil prices to quickly retreat, with WTI crude oil's intraday gain narrowing to 21%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278331773.md"
description: "The G7 will discuss a coordinated release of emergency oil reserves, and international oil prices have quickly retreated, with WTI crude oil's intraday gains narrowing to 21%. The market carries risks, and investment should be approached with caution; this article does not constitute personal investment advice"
datetime: "2026-03-09T05:28:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278331773.md)
  - [en](https://longbridge.com/en/news/278331773.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278331773.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278331773.md) | [繁體中文](https://longbridge.com/zh-HK/news/278331773.md)


# Reports indicate that the G7 will discuss a joint release of emergency oil reserves, causing international oil prices to quickly retreat, with WTI crude oil's intraday gain narrowing to 21%

Reports indicate that the G7 will discuss a coordinated release of emergency oil reserves, causing international oil prices to quickly retreat, with WTI crude oil's intraday gains narrowing to 21%.

Risk Warning and Disclaimer

The market carries risks, and investments should be made cautiously. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at one's own risk

### Related Stocks

- [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md)
- [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md)
- [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md)
- [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md)
- [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md)
- [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md)
- [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md)

## Related News & Research

- [Russian oil prices soar though tanker costs eat into gains](https://longbridge.com/en/news/278582693.md)
- [Iran conflict boosts U.S. Gulf oil prices to highest since 2020](https://longbridge.com/en/news/278179476.md)
- [TREASURIES-Yields Slip as Trump's Iran War Comments Ease Inflation Fears](https://longbridge.com/en/news/278574559.md)
- [CANADA STOCKS-TSX futures slip as Middle East conflict stokes inflation worries](https://longbridge.com/en/news/278087666.md)
- [Iran says it hits U.S. oil tanker in Gulf, no immediate confirmation](https://longbridge.com/en/news/277907541.md)