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[size=37]High price of oil after Saudi Arabia forecast to "balance"[/size]
BAGHDAD - A Journal
Oil prices, on Monday, a rise in the wake of expressing the Saudi energy minister optimistic toward the oil market to balance.
The price of Brent crude rose 0.17 cents to $ 50.52 a barrel, Sunday, by 22:47 pm GMT, after rising at B64 settlement cents to $ 50.35, last Friday.
In the meantime, the price of Nymex crude rose, August delivery 0.5 cents to $ 49.04 a barrel, after rising 66 cents, or 1.4 percent.
The Saudi Minister of Energy, Khalid al-Falih, and the Secretary General of OPEC, Mohammad Barkindo, has stressed that "the oil market is heading for a balance, and prices began to settle" .anthy 6
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