German finance minister says have the option to tap our national oil reserves, and open to drawing on national oil reserves if necessary;

• Use of oil reserves is an option that is on the table but is not yet being utilised.

The German finance minister's comments suggest a potential increase in oil supply from national reserves, although this is not an immediate action. This could provide a buffer against rising energy prices amidst geopolitical tensions, particularly in the context of WTI prices. Market participants may interpret this as a precautionary measure, potentially stabilizing supply fears in the near term.