Friday, June 29, 2007

Chavez Wants Producers to Cooperate to Keep Oil Prices Above $60 a Barrel

(Bloomberg) -- Venezuelan President Hugo Chavez told
Russian legislators he wanted oil producers to cooperate to keep
oil prices above $60 a barrel.

``Sixty dollars as a floor,'' he said earlier today to the
Duma in Moscow. ``For a ceiling, as high as it can go.'' The
remarks were shown on Venezuelan state television. He said that
Russia, the world's second-largest oil exporter, cooperated on
supporting the price of oil. Russia isn't a member of OPEC.


Read more at Bloomberg Energy News

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