French Fin Min Asks IMF To Extend Surveillance To Oil

French Finance Minister Thierry Breton said Saturday he had asked the head of the International Monetary Fund, Rodrigo Rato, to extend the body’s surveillance to the world’s oil market.

Breton said though the IMF’s main role is to look at countries’ macroeconomic indicators, it should also pay attention to the oil market given its growing importance for the global economy. The minister earlier Saturday attended a meeting of the IMF’s policy-steering committee in Washington.
DowJones Newswires