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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (9229)	7/14/2004 11:58:24 AM
From: mishedlo	Read Replies (1) of 116555

Qatar says 28-30 usd/barrel oil price is 'appropriate' Wednesday, July 14, 2004 2:12:01 PM DOHA (AFX) - Qatar's Energy Minister Abdullah bin Hamad al-Attiyah said an oil price of 28-30 usd per barrel would be "appropriate" compared with the current level of around 40. "In actual conditions, the appropriate price is 28 to 30 dollars a barrel," the minister was quoted as saying by state news agency QNA. OPEC's current target price band is 22-28 usd. The cartel meets next week in Vienna. Mish note: I believe OPECs current price target has been raise TWICE since that number

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