French say oil industry should sell in euros, not dollars

PARIS (AFX) – French Industry Minister Patrick Devedjian said the international markets should price crude oil in euros, not dollars as at present, as it is a more stable currency.
‘One could insist on an international scale, in order to have better (price) stability, that the euro become the currency for oil transactions,’ Devedjian said on Radio J.
‘It’s a political position that Europe could support… We are suggesting Europe adopts this policy.’
Yahoo