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Finance ministers likely will discuss oil markets at October's IMF meetings, a UK Treasury...

Aug. 29, 2012 10:02 AM ETUCO, OIH, USO, OIL-OLD, DBO, USL, DTO, OLO-OLD, SCO, DNO, BNO, CRUD, FRAK, SZOXFBy: Carl Surran, SA News Editor2 Comments
Finance ministers likely will discuss oil markets at October's IMF meetings, a UK Treasury source tells Reuters, after the G7 nations say they may tap strategic reserves to calm prices. With Canada opposed to a release of oil, a coordinated G7 tapping of reserves is seen as unlikely, but a strong joint statement at the IMF could help cool prices.

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