Top oil exporter Saudi Arabia sees $100 per barrel as a great price for crude, Oil Minister Ali al-Naimi said on Sunday.
International Brent crude settled at $112.26 on Friday. The price is well off a peak of over $128 in March, but traded mostly above $100 since early 2011. That has kept fuel costs high and threatened to derail a fragile global economy.
"A $100 price is great," Naimi told Reuters ahead of an industry event in Australia.
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