USD 64.3008

0

EUR 69.4191

0

BRENT 55.16

-2.78

AI-92 42.43

0

AI-95 46.31

-0.01

AI-98 52.08

-0.02

Diesel 48.21

0

26

Opec Seeks to Avoid Raising Oil Prices

Opec wants to avoid fluctuations in oil prices that can damage the global economy

Opec wants to avoid fluctuations in oil prices that can damage the global economy, a top Saudi official said Sunday.

The Organisation of Petroleum Exporting Countries wanted to avoid "raising prices in a way that might affect the global economy," Saudi Arabia's Oil Minister Ali Naimi said.

"Opec is concerned about the stability in the international market," he said.

Fears that the Israeli-Hezbollah crisis could draw Iran into the conflict lifted oil prices to a record of $78.40 a barrel on July 14. Iran is Opec's No. 2 supplier. - Sapa-AP