World · 3 hours ago
Oil prices edge above $102 a barrel despite G7 releasing emergency reserves
Pressured by US President Donald Trump, the Group of Seven nations pledged on Friday to tap 100 million barrels of backup fuel. Traders remain nervous about supplies after Houthi fighters claimed they fired missiles at Saudi Aramco facilities in the capital, Riyadh. The boss of the Saudi energy giant warned on Monday that replacing these drawn-down global reserves could take two years.
Reported by Reuters · How we write briefs