Brown to Call for Action on Oil Prices as Truckers Plan Protest

U.K. Chancellor of the Exchequer Gordon Brown in a speech today will call on the world’s richest countries to take measures to stabilize oil prices, as truckers threaten protests against fuel taxes.

Brown will urge finance ministers of the Group of Seven industrial nations to adopt a five-point plan aimed at cutting oil- market volatility, at meetings in Washington next week. Measures include asking producers to boost output, to be more transparent about reserves and to invest more in new production facilities.

Bloomberg