London—Analysts have so far reacted cautiously to a warning by G7 countries that emergency oil stocks could be released onto the market if oil producers fail to boost supply, questioning both the timing of and the need for such a move. G7 finance ministers issued a rare statement August 28 voicing concern about high oil prices and calling on oil-producing countries to boost output, hinting at the possibility of calling on the International Energy Agency to tap emergency stockpiles.
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