Merkel might release oil reserves to cut prices

Germany’s opposition chancellor candidate Angela Merkel, who polls predict will win elections in just over two weeks, said Thursday she would consider releasing the country’s strategic oil reserves to ease soaring petrol prices.

“This should not be a taboo in Germany,” said Merkel in reply to calls by the opposition Free Democrats (FDP), with whom she hopes set up a government, to sell off reserves as the super petrol rose to EUR 1.39 per litre.