Europe to Release 42M Barrels of Oil Over Next 3 Months

French Economy Minister Roland Lescure announced Europe will supply 42 million barrels of oil to the market over the next three months, likely as part of coordinated strategic reserve releases to counter supply tightness. The move signals policy intent to dampen prices, though the source is a single ministerial statement and details on mechanics are unclear. This could ease near-term supply concerns and pressure crude prices.

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