France confirms a report that it's in talks with the U.S. and U.K. to release oil reserves to...

|By:, SA News Editor

France confirms a report that it's in talks with the U.S. and U.K. to release oil reserves to try to stem high crude prices, with the IEA also involved. Fuel costs are high and Sarkozy's behind in the polls - this surely has nothing to do with the election, does it? Oil is -2.1%, continuing its decline from earlier.