Saudi Arabia Says Oil at $50 Won’t Hinder Market Recovery

  • Energy companies won’t rush back to investment at $50 a barrel
  • Saudi oil minister speaks in briefing after OPEC meeting

Why Oil Prices Won't Go Much Higher Than $50 This Year

Oil prices at $50 won’t allow shale oil and other higher-cost producers to lift supply to levels that hinder market recovery, Saudi Arabia’s oil minister said.

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