[Analyst: G7 Reserve Release May Not Lower Oil Prices] Odaily Planet Daily News – The market is awaiting the G7's decision on the IEA's proposal to release a record amount of strategic reserves, during which crude oil futures have risen. FxPro analyst Alex Kuptsikevich stated that releasing oil reserves does not necessarily lead to lower oil prices. He pointed out that after the reserve release in 2022, oil prices rose because traders interpreted it as a 'signal of market fragility.' On the other hand, he added that when the U.S. released reserves during the 1991 attack on Iraq, oil prices did indeed drop. He stated: 'The oil market is focused on two main issues: the speed and manner in which the Middle East conflict ends.' (Jin10)