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16

All OPEC Ministers Backed Oil Price of $54

Rafael Ramirez, Venezuelan Minister of Petroleum and Energy, said a price of $54 is reasonable

Rafael Ramirez, Venezuelan Minister of Petroleum and Energy said Thursday a price of $ 54 is reasonable for the crude oil basket of the Organization of Petroleum Exporting Countries (OPEC).

Speaking on the OPEC meeting in Vienna Ramirez said that all OPEC ministers" favored this price.