Qatar sees oil prices pressed by Europe debt crisis | Reuters

Qatar expects further pressure on oil prices from the uncertainty engendered by the European debt crisis, its oil minister said on Saturday.

"The oil price is not reflective of demand and supply, but psychological (factors) and uncertainty, especially in Europe (and due to the Greece) bailout," Abdullah bin Hamad al-Attiyah told reporters in the Bahraini capital Manama.

"All this put a lot of pressure on the world economy and the oil price," he said.