Tuesday 9 October 2012

Oil still too high, should fall towards $100-Naimi - Yahoo! News Maktoob

Benchmark Brent crude oil prices currently around $112 a barrel are still too high and Saudi Arabia would like them to fall towards $100, Saudi Oil Minister Ali Al-Naimi said on Tuesday.
"We would like to see it fall lower, towards $100 a barrel," Naimi told reporters after a meeting of Gulf Arab oil ministers.

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