U.S. to release oil from reserves with Japan, China, other countries

The United States will release 50 million barrels of oil from its emergency reserves in coordination with other major energy-consuming countries such as Japan and China to address rising prices, the White House said Tuesday.Japanese Prime Minister Fumio Kishida said Wednesday morning in Tokyo that his country will release oil in what would be the first tapping of oil reserves in an attempt to lower prices by the resource-poor nation.Related coverage:Japan to release hundreds of thousands of kiloliters of reserve oil"Japan has decided to act in tandem with the United States and sell a portio…READ FULL ARTICLE