Analyst: G7 discusses releasing oil reserves, beware of a "sell the fact" reaction in the market

Golden Ten Data reported on March 11 that Giuseppe Dellamotta, an analyst at the US financial website investinglive, pointed out that oil prices have stabilized this week in the $80 to $90 range because G7 countries have begun discussing the possibility of releasing emergency oil reserves to ease market pressure. If this measure is implemented, its scale will set a historical record. If the reserve release is ultimately carried out, it is likely to be only a short-term relief measure. The market may even see a typical "sell the fact" reaction, meaning that after the reserves are actually released, oil prices may rise instead. The fundamental issue remains the closure of the Strait of Hormuz, and before the situation truly de-escalates, the downside for oil prices may still be limited.