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“You have $100 oil for a few months means G7 plus one percentage point headline inflation.”

“The Financial Times yesterday evening reported that the G7 is considering release releasing a strategic oil reserve uh supply to markets to sort of quell some of the impact of oil price uh spikes.”

“the G7 nations have decided that basically that they will they're open to releasing probably you know 30% of what's already been lost of the entire strategic petroleum reserve.”

“the G7 nations have decided that basically that they will they're open to releasing probably you know 30% of what's already been lost of the entire strategic petroleum reserve from all across the world out into the open market to try and allay those fears.”

“But the main reason why the price of oil appears to have gone down, let's put E4 up here on the screen, is because we are now turning and quote standing ready to release emergency oil reserves.”

“But the main reason why the price of oil appears to have gone down, let's put E4 up here on the screen, is because we are now turning and quote standing ready to release emergency oil reserves.”

“The report that the G7 finance ministers are going to be holding an emergency talk this morning to coordinate a release of strategic petroleum reserves.”

“This led the United States and the G7 countries to rush to agree to simultaneously release a record amount of their strategic oil reserves.”

“They did come together in the G7 2003 summit to say that they want to stop China's economic coercion.”

“They did come together in the G7 2003 summit to say that they want to stop China's economic coercion.”