The story on Reuters about Saudi-Arabia being comfortable with current price levels of Oil is getting some attention this morning. It says that the country is signaling to market participants that it is comfortable with lower oil prices for an extended period, despite protests from other OPEC members, such as Venezuela and Iran. Those members are calling for a cut in production to push the prices back above $100 per barrel.
Here is the link to the report http://uk.reuters.com/article/2014/10/12/oil-saudi-policy-idUKL2N0S70J720141012
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