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Venezuela’s Energy Minister Rafael Ramirez said on Monday that oil prices at $100 per barrel were “comfortable” for producers and for the world economy.
On Monday, U.S. crude oil CLc1 rose 4.4 percent to settle at $91.27 per barrel. Traders attributed oil’s run-up mostly to China’s manufacturing data for October which, according to the HSBC purchasing managers’ index, snapped three months of contraction………………………………………Full Article: Source
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Commodities Briefing - Categorized | Oil, Price Watch more
Venezuela energy minister: $100/bbl oil ‘comfortable’
| Posted on 25 October 2011 |
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