Saudi Arabia aims for $100 Oil

currency calculator in use

Oil rose to a three day high as Saudi Arabian Oil Minister, Ali al-Naimi, indicated that he thought the fair price of oil is $100 a barrel. This is seen by analysts as a requirement from the Saudi goverment to fund social projects in order to prevent protests like those seen elsewhere in the region. Saudia Arabia is getting a helping hand by friction in the Staits of Hormuz as Iran continues to flex is muscles over the waterway in response to increased international sanctions.


Company Details

Saudi Arabia aims for $100 Oil

Get a quick quote

Open Account with Currencies Direct

Currencies Direct are located at:
51 Moorgate,, Greater London,, , EC2 R6BH, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882