Oil
prices
slipped
last
week
after
a
source
said
the
White
House
was
"dusting
off"
plans
for
potentially
tapping
the
Strategic
Petroleum
Reserve,
as
high
energy
costs
from
undermining
the
success
of
Iran
sanctions.
Along
with
Japan
and
South
Korea,
the
head
of
the
International
Energy
Agency
(IEA),
the
energy
watchdog
of
the
West,
said
on
Friday
there
was
no
reason
to
release
US
reserves
to
arrest
the
rise
in
gasoline
prices.
Brent
crude
for
October
rose
54
cents
to
$114.25
a
barrel
by
Monday
morning.
US
oil
added
34
cents
to
$96.35.
Brent…
Brent crude gains as US oil release meets resistance