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Commodities Briefing - Categorized | Oil, People, Price Watch more

Kudrin says $60 oil needed next year

Posted on 11 October 2010

From Themoscowtimes.com: Russia needs oil prices above $60 per barrel in 2011 to ensure stable growth, although the country’s economy is less vulnerable than those of developed markets, Finance Minister Alexei Kudrin said late Saturday.

“Above $60,” Kudrin said in response to a question on what crude prices Russia needed to secure economic well-being next year…………………………………….Full Article: Source

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