WTI drops 5% on prospect of European diesel stock release ahead of G7 call

Oil prices fell sharply on Friday as markets priced in a potential release of European diesel reserves, reportedly urged by the US, ahead of a G7 videoconference addressing fuel price surges. WTI fell over 5% to $88.06 before recovering slightly to $88.97, while Brent dropped nearly 3% to $99.32. The move signals coordinated Western action to cool energy prices, though details and timing remain unconfirmed.