By John Lee.
Iraqi Oil Minister Adel Abdul Mahdi told a conference in Kuwait on Wednesday that oil prices are unlikely to fall further, following the drop of nearly 60 percent since June:
"Our estimate is that the prices (of oil) have reached the bottom. It is very difficult to drop lower than this ...
"We do not find any real justification for the big and persistent drop in oil prices ...
"A number of factors will work to correct oil prices upward."
(Sources: AFP, Reuters)
Oil Prices have “Reached Bottom”: Oil Minister: By John Lee. Iraqi Oil Minister Adel Abdul Mahdi told a confer... http://t.co/TWPyYtp9X3
Oil Prices have “Reached Bottom”: Oil Minister: By John Lee. Iraqi Oil Minister Adel Abdul Mahdi told a ... http://t.co/z9Liniyei0 #Iraq
RT @IraqMonitor: #Iraq Business News: Oil Prices have “Reached Bottom”: Oil Minister http://t.co/Er9bLMAKoF
Oil Prices have “Reached Bottom”: Oil Minister http://t.co/17Y2PEj6I6
RT @iraqsolidarity: Oil Prices have “Reached Bottom”: Oil Minister http://t.co/17Y2PEj6I6
You are wrong! The price of oil will drop to $35 within the next two months.
Rizgar
Washington, DC