Saudi king 'satisfied with oil price'

  • Saudi Arabia: Sunday, December 27 - 2009 at 09:49

King Abdullah of Saudi Arabia said in an interview yesterday that oil prices are satisfactory. 'We predicted an oil price of $75 to $80 per barrel at the beginning of the year, what we considered acceptable, and now it has reached this level. (We expect) the price will stabilize or increase marginally,' the king told the Kuwaiti newspaper Al-Siyassah.

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