| 25.10.2011 - Venezuela energy minister: $100/bbl oil 'comfortable' |
| 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 |