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abo-food-bilyo---vladimir-putin May 27, 2018 @ 10:46

Putin says Russia would be satisfied with $60 oil


President Vladimir Putin said Friday that Moscow would be satisfied with the price of crude oil dropping to $60 per barrel as Russia and Saudi Arabia signalled they are ready to revise a production cap that has boosted prices.

“We would be completely satisfied with oil at $60” per barrel, Putin said at a meeting on the sidelines of Russia’s annual economic forum, noting that a higher price can hurt consumers and spur production in rival nations.

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