Saudi Arabia steps in to lower oil prices
- Saudi Arabia: Thursday, September 20 - 2012 at 10:27
Saudi Arabia is acting to lower oil prices, as the majority of Opec producers wanted oil prices around $100 per barrel, Reuters has reported, citing a senior Gulf source. "We would like to see the price coming down and we are working to bring it down," said the source. "The price now, we believe is high, and it's not supported by fundamentals at all. It's just speculation and geopolitics."
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