U.S. to France: Join Us on Oil Reserves Release


The United States asked France to join it for a possible emergency oil stock release, the French Energy Minister said on Wednesday.

Asked by reporters after the weekly ministers' meeting whether France would join a U.S.-UK move to release strategic stocks, Eric Besson said: "It is the United States which has asked and France has welcomed favorably this hypothesis."

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Le Monde daily said on Wednesday, citing presidential sources, that France was in contact with Britain and the United States on a possible release of strategic oil stocks "in a matter of weeks" to push fuel prices down.