French President Emmanuel Macron called on the Group of Seven (G7) on October 2 local time to coordinate actions to avoid implementing export restrictions and jointly curb rising fuel prices. He proposed a plan for European countries to release 50 million barrels of diesel and International Energy Agency members to release 50 million barrels of crude oil. Following the news, international crude oil prices fell sharply, with WTI crude dropping 3.0% to $89.96/barrel and Brent crude falling below $100/barrel to $99.95/barrel. Market risk appetite clearly rebounded, with the Euro Stoxx 50, France's CAC 40, and Germany's DAX indices all extending gains to over 1%, and US stock index futures also rising. US Treasury Secretary Scott Bessent stated that the United States has fulfilled its obligation to release 172 million barrels of crude oil and looks forward to allies translating commitments into action.