Monday, January 16, 2012

Saudi Arabia wants oil around $100/bbl


Saudi Arabia, the world's top oil exporter, said on Monday it favours an oil price of $100 per barrel, identifying an ideal oil price for the first time in more than three years.
Reuters
Saudi Arabia wants oil around $100/bbl - oil min

And as swing producer holding a monopoly on price (Warren Mosler), Saudi Arabia gets what it wants.

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