Oil price is 'great', says Saudi minister

27 January 2010

Saudi Arabia's oil minister Ali al-Naimi has said that oil prices between $70 to $80 a barrel are acceptable to all and will not hamper global economic growth, Reuters has reported. 'The producer is looking at this price, the consumer is looking at the price, the investor is looking at the price and everybody is saying this is great,' al-Naimi said.

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