UK would support release of emergency oil stocks after price spike, finance minister says

LONDON, March 9 (Reuters) - Britain stands ready to support the release of emergency oil reserves in response to a spike in the price of oil following renewed conflict in the Middle East, finance minister Rachel Reeves said on Monday.

"I stand ready to support a coordinated release of collective International Energy Agency oil reserves," Reeves told lawmakers after a virtual meeting of G7 finance ministers where the issue was discussed.