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Oil market hikes at $120 a barrel: G7 finance ministers hold an emergency meeting

Business • March 9, 2026

Oil market hikes at $120 a barrel: G7 finance ministers hold an emergency meeting is drawing significant interest across the industry.

Crude oil at its highest levels since 2020 - G7 countries consider coordinated release of strategic oil stocks in cooperation with the IEA in an effort to stabilise energy markets

Experts suggest this could influence future trends and innovation in the sector.

More updates are expected as the story develops.


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