Oil slips as Middle East crude exports rise, G7 to release stocks
- Oil prices decreased as rising Middle East crude exports and a release of oil stocks by G7 nations increased global supplies.
- The Group of Seven (G7) agreed to release 100 million barrels of diesel and crude from emergency reserves.
- Middle Eastern crude exports have risen above pre-war levels despite an increase in attacks on vessels passing through the Strait of Hormuz.
