Sunday 20 November 2011

Oil below $98 after pessimistic China comment (AP)

OPEC Secretary-General Abdalla Salem el-Badri (R) poses with Maria van der Hoeven, Executive Director of the International Energy Agency (IEA), at the IEA conference in Riyadh November 20, 2011. The global oil market looks balanced, Saudi Oil Minister Ali al-Naimi indicated on Sunday, while the head of the International Energy Agency (IEA) said stubbornly high oil prices could harm economic growth.  REUTERS/Fahad Shadeed (SAUDI ARABIA - Tags: POLITICS ENERGY BUSINESS)AP - Oil prices hovered below $98 a barrel Monday in Asia after a Chinese leader said a long global recession is certain.



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