Analyst: G7 releasing reserves doesn't necessarily lower oil prices

SmartContractAuditor · 2026-03-11T13:29:49+00:00

The market is focused on the G7's decision to release a record amount of strategic reserves by the IEA, with crude oil futures rising in anticipation. Analysts point out that releasing reserves may not necessarily lower oil prices; historically, prices have both risen and fallen, and the key factor is how the Middle East conflict is resolved.

SmartContractAuditor

2026-03-11 13:29:49

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Odaily Planet Daily News: The market is awaiting the G7’s decision on the IEA’s record-breaking strategic reserve release proposal, with crude oil futures rising during this period. FxPro analyst Alex Kuptsikevich stated that releasing oil reserves does not necessarily lower oil prices. He pointed out that after the reserve release in 2022, oil prices rose because traders interpreted it as a “signal of market fragility.” On the other hand, he added that during the 1991 Iraq invasion, the U.S. released reserves, and oil prices indeed declined at that time. He said, “The oil market is focused on two main issues: the speed of ending the Middle East conflict and how it ends.” (Jin10)

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