French Finance Minister Lescure says we have agreed to use any necessary tools if need be to stabilise the market, including the potential release of necessary stockpiles, hopes G7 statement on possible release of emergency oil to come in the next hour

The French Finance Minister's comments indicate a proactive stance on stabilizing the energy market, which could suggest imminent coordinated action from major economies like the G7. The potential release of emergency oil stockpiles reflects growing concerns over supply disruptions, likely aiming to ease upward pressure on prices. This news may influence oil markets and related assets, with a focus on how swiftly and decisively these measures are implemented.