CoinMeta data: G7 leaders agreed to release 100 million barrels of emergency reserves, leading to a decline in oil prices on Monday. The price of Brent crude oil traded at $101.69, a decrease of 0.55%. West Texas Intermediate crude oil ( WTI ) fell 1.04% to $90.16. This release was coordinated by the International Energy Agency, and the office of French President Macron stated that the release of diesel fuel would be concentrated over the first 20 days. The move was made under pressure from U.S. President Trump, aimed at addressing unprecedented fluctuations in the oil market. Meanwhile, crude oil shipments through the Strait of Hormuz reached a seven-day average of 13.5 million barrels per day at the end of September, indicating signs of supply recovery.