Spokesman Warns of Oil Price Risk

Very high oil prices risk weighing on French economic activity and any joint initiative that would help drive them lower would be a step in the right direction, French government spokesman Jean-Francois Cope said on Sunday.

His comments chime with Prime Minister Tony Blair’s call on Saturday for efforts to reduce oil prices, which have scaled record peaks as the price of a barrel of U.S. crude hit $60.95 earlier this week.
Reuters