French Commerce Minister says release of strategic oil reserves to be discussed at G7 minister meeting on Monday
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French Business Confidence (Mar) 99 vs. Exp. 100 (Prev. 102, Low. 98, High. 103)
French Business Climate Indicator (Mar) 97 (Prev. 97, Low. 95, High. 98)
French Commerce Minister says release of strategic oil reserves to be discussed at G7 minister meeting on Monday
Germany reportedly drafts a plan to hit US tech, drug supplies and companies, Bloomberg reports citing sources; officials are mapping vulnerabilities in US supply chains to apply pressure on the US
China's Foreign Ministry, on Trump's China visit announcement for May 14-15th, says the two sides have maintained communication
On the Newsquawk feed at , 20 minutes before this page.
Context
The French Commerce Minister's announcement regarding a discussion on the release of strategic oil reserves at the upcoming G7 meeting signals potential shifts in oil supply dynamics, which could impact prices. This could be a response to heightened geopolitical tensions or supply constraints, and may influence market sentiment across commodities and related assets. Traders should monitor how this develops, particularly in relation to WTI and broader energy markets.
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