It is a political science axiom that 'where you stand often depends on where you sit.' A key OPEC official made the case that current oil prices are "comfortable."Abdalla El-Badri, OPEC's secretary general, told reporters ahead of a meeting with European Union officials, "I don't see any change in production, I don't see any meeting coming before the set up meeting in October," marketwatch.com reported Monday.
Oil fell 57 cents to $78.29 per barrel in Monday afternoon trading.
Continue reading OPEC Official Calls $80 Oil a 'Comfortable' Price
OPEC Official Calls $80 Oil a 'Comfortable' Price originally appeared on BloggingStocks on Mon, 28 Jun 2010 17:40:00 EST. Please see our terms for use of feeds.
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European Union - OPEC - BloggingStocks - Political science - Price of petroleum
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