Nigeria/Iran look in crystal ball and see $55-$60 area for crude

The comments continue

Nigerias Kachikwu is on the wires saying the $60/BBL is the perfect level for oil and adds:

  • At $60 BBL it would not bring too much shale oil to market.
  • OPEC has high expectations NON OPEC will contribute

Meanwhile, Iran's oil minister Zangaheh says $55-$60 is a suitable price for oil.

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