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Page added on June 14, 2009

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Oil must reach $90 to stabilise market -Algeria

The global oil market could stabilise if crude prices rise to around $90 a barrel and that is likely to happen in the second half of 2010, Algerian Energy and Mines Minister Chakib Khelil said on Saturday.
“A price which ensures the stability of the oil market must evolve around $90 a barrel. It should be reached between the middle and the end of 2010,” Algerian official news agency APS quoted him as saying.
Guardian



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