Big OPEC producers want $60 oil – report

WSJ says target price raised
– Iraq oil minister: "Iraq wants prices to rise to $60. This our aim"
– WSJ says Saudis and Kuwait also targeting $60
The that’s bullish for oil. They say main producers had been seeking $55 per barrel but now want $60. They believe that level will boost their economies without attracting too much US shale drilling.