| Oil prices could move back above $50 a barrel within a year as an OPEC initiative to freeze production gains support, and smaller producers go to the wall. That's the view of Qatar's energy minister, Mohammed bin Saleh al-Sada, who also holds the rotating presidency of OPEC.
"At the moment the best possible feasible proposal is to freeze at the level of production of January," al-Sada said in an exclusive interview with CNNMoney on Thursday. "We think [a production freeze] will gather more and more approval because it is [in] the interest of all parties."..............................................Full Article: Source
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