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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC’s El-Badri says crude prices stable

Posted on 09 April 2014

Crude prices are stable and the market has enough supply to meet demand, even amid geopolitical unrest in Europe and the Middle East, OPEC Secretary-General Abdalla El-Badri said.
The OPEC basket, a weighted average of the main export grade from each of the group’s 12 members, has stayed above $100 for a record 200 days, according to data from the Organization of Petroleum Exporting Countries’ Vienna-based secretariat compiled by Bloomberg………………………………………..Full Article: Source


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