Report of Agreement on Oil Release Inaccurate, U.S Aide Says

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The U.S. and U.K. haven’t agreed on a release of oil from strategic stocks, according to an Obama administration official.

A report that the two nations will cooperate in an effort to cut rising gasoline prices is inaccurate, said the official, who spoke on condition of anonymity to discuss private deliberations between President Barack Obama and U.K. Prime Minister David Cameron at the White House yesterday.