| Global oil prices are still high despite declines in the past few days, Minister of Petroleum and Mineral Resources Ali Al-Naimi said Tuesday. However, his Kuwaiti counterpart Hani Hussein said in comments published Tuesday that $100 a barrel is a “fair” price for oil justified by market forces, but that geopolitical events were pushing the price higher.
Naimi, speaking to reporters on a visit to Tokyo, was asked if he thinks oil prices are high. He replied, “They are high.”..............................................Full Article: Source
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