Saudi King Says 75 Dollar Oil Price Fair

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KUWAIT CITY: King Abdullah of OPEC powerhouse Saudi Arabia said in an interview published on Saturday that oil prices of 75 dollars a barrel would be "fair".

His comments appeared in a Kuwaiti newspaper on the day OPEC was meeting in Cairo to review the turmoil in the world oil market and decide whether another crude output cut is needed to stop prices tumbling lower.

"We think that a fair price of oil is 75 dollars a barrel," the Saudi monarch said while talking to a newspaper.




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