(Reuters) - "I think the high prices of late is due to the geopolitical situation. It has nothing to do with fundamentals which are in good shape," OPEC President Mohammed al-Hamli, also the United Arab Emirates oil minister, told reporters on the sidelines of an oil summit.
The market soared to six-month highs above $68 a barrel last week after Iran captured 15 British military personnel on March 23.
Read more at Reuters.com Business News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment