U.S. to seek G8 support for oil reserve release-Kyodo
Jonathan Leff, Timothy Gardner, Jeff Mason, Roberta Rampton and Ayesha Rascoe in Washington, and Muriel Boselli in Paris, Reuters, 16 May 2012U.S. President Barack Obama will seek support to tap emergency oil reserves from other Group of Eight leaders at a summit this weekend before the European Union's July embargo of Iranian crude, Kyodo news agency reported on W edn esday.
The report suggests that a slide in oil prices to their lowest in months has not halted U.S. ... Read full article