Oil pulls back from 25% spike as G7 discusses emergency reserve release Crude oil futures on Hyperliquid dropped from $114 to $102 after reports that G7 finance ministers would discuss a joint release of strategic oil reserves to cool the price surge driven by the Iran conflict. What to know: - Tokenized crude futures on Hyperliquid plunged from a wartime high of $118 to about $103 after reports that G7 finance ministers may coordinate an emergency oil-reserve release. - The contract had earlier jumped more than 25 percent as the Iran war widened, disrupting Iraqi output, collapsing tanker tra
Oil pulls back from 25% spike as G7 discusses emergency reserve release Crude oil futures on Hyperliquid dropped from $114 to $102 after reports that G7 finance ministers would discuss a joint release of strategic oil reserves to cool the price surge driven by the Iran conflict. What to know: - Tokenized crude futures on Hyperliquid plunged from a wartime high of $118 to about $103 after reports that G7 finance ministers may coordinate an emergency oil-reserve release. - The contract had earlier jumped more than 25 percent as the Iran war widened, disrupting Iraqi output, collapsing tanker tra