Crude Market Is ’Stable’ After Libya, Angola Oil Minister Says

The oil market is “stable” with prices from $100 to $110 a barrel after disruptions to Libyan crude output were offset by other producers this year, Angola’s oil minister said.

“The market has been able to absorb oil we are producing,” Jose Maria Botelho de Vasconcelos said today at a conference in Doha, Qatar.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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