Oil prices are heading towards stability and might even rise “reasonably”, Saudi Arabia’s King Abdullah was quoted as saying by a Kuwaiti newspaper.
“Oil prices are heading towards stability and might rise reasonably,” King Abdullah told Al Seyassah’s Saturday edition, according to an advance copy obtained by Reuters late on Friday.
“We expected at the beginning of the year an oil price between $75 and $80 per barrel and this is a fair price,” he said. (Reuters)
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