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U.S. asked France to join it for possible oil release

France's Energy and Industry Minister Eric Besson delivers a speech at the PSA Peugeot Citroen plant in Poissy, near Paris, January 27, 2012. REUTERS/Benoit Tessier

PARIS (Reuters) – 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 favourably 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.

(Reporting By Muriel Boselli)

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