How High is Too High for World Oil Price?

The $70-a-barrel mark for oil, decisively breached this week, is seen by many analysts as a danger level. But some argue sustained prices of well over $60 have inflicted surprisingly little pain and done some good.

Ministers from 65 countries and executives from the likes of Exxon Mobil, Royal Dutch Shell, BP and Chevron meet in Doha over the weekend, agreed today’s record prices are too high but split over what is a fair level.
Reuters