Saudi OilMin Al-Falih: No such thing as oil target price

Headlines continue to pour in from the International Energy Forum in New Delhi, with Saudi Arabia’s Energy Minister Khalid Al-Falih now saying that we don't want oil prices to move to unreasonable level.

Additional headlines:

   •  No such thing as oil target price
   •  OPEC seeks close balance between supply & demand
   •  OECD stocks have returned to normal, fundamentals are good 
   •  A lot of the glut in the oil market has been cleared
   •  Will not stand by and let another glut resurface

Meanwhile, WTI crude oil held on to a mildly weaker tone but has managed to hold its neck above the $65.00/barrel mark.