White House says oil reserve sale separate from Russia dispute

WASHINGTON, March 12 Wed Mar 12, 2014 6:12pm GMT

WASHINGTON, March 12 (Reuters) - The White House said the Department of Energy's sale of oil from the Strategic Petroleum Reserve announced on Wednesday was an operational test and was not related to the dispute with Russia over Ukraine.

"This action is taken consistent with the requirements by law of the DOE to evaluate the Strategic Petroleum Reserve and its drawdown capacity," White House spokesman Jay Carney told reporters. (Reporting By Mark Felsenthal; Editing by Sandra Maler and David Storey)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.