OPEC concerned over high oil price: Badri (AFP)
KUWAIT CITY (AFP) – Secretary generalized of OPEC Abdullah El-Badri said on weekday that lubricator producers are "concerned" at broad vulgar prices and additional that markets are adequately supplied.
"The (high) lubricator price is a concern. We wager that there is a $15-20 payment venture at this time," Badri told reporters when asked if OPEC was afraid most soaring vulgar prices.
He was speech ahead of a roundtable meeting for continent forcefulness ministers who are expected to discuss the impact of lubricator prices on the economy.
Oil unfit in continent change weekday as traders locked in profits after gains last week.
New York's important contract, reddened course vulgar for delivery in May lapse 70 cents to $108.96 a barrel.
Brent North Sea vulgar for June eased 42 cents to $123.03.
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