France, Germany Oppose Emergency Release of Oil Stockpiles

- March 20th, 2012

Reuters reported that France and Germany has decided to oppose an emergency release of oil stockpiles.

Reuters reported that France and Germany has decided to oppose an emergency release of oil stockpiles.

As quoted in the market news:

Oil prices rose this month to $128 a barrel, only $20 short of their 2008 peaks, due to worries that international sanctions against major oil producer Iran could lead to severe supply disruptions.

Click here to read the full Reuters report.

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