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    White House: All options on table in dealing with oil markets

    Reuters – Tue, Sep 18, 2012

    Sept 18 (Reuters) - Releasing emergency reserves of oil

    remains one option in dealing with volatile energy markets, the

    White House said on Tuesday.

    "Our position on the SPR is what it has been, which is that

    we monitor the situation regularly and constantly together with

    our international partners and we continue to say that all

    options remain on the table," White House Press Secretary Jay

    Carney said of the Strategic Petroleum Reserve. "But I don't

    have any announcements."

    Oil slipped below $114 a barrel on Tuesday, extending the

    previous session's slide, on signs that top crude exporter Saudi

    Arabia is pumping at high rates to dampen prices.

    "The administration welcomes the Saudi Arabian oil

    minister's recent remarks and shares his concerns about rising

    oil prices," Carney told a news briefing. "We also welcome Saudi

    Arabia's commitment to taking all necessary steps to ensure the

    market is well-supplied and to help moderate prices."

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