Japan mulls oil reserves release with U.S. to stabilize prices

Japan is considering releasing oil from its reserves along with the United States and other countries to help curb rising crude oil prices, Prime Minister Fumio Kishida said Saturday.If decided on, it will be the first time Japan has tapped its oil reserves to lower prices, with government officials mainly looking to utilize excess stockpiles instead of revising the relevant law."We are considering what we can do," Kishida told reporters in the western Japan city of Matsuyama when asked about the possibility, as surging prices of gasoline and other fuel products are squeezing households and…READ FULL ARTICLE