Oil market stabilization will likely take time, but it will be attained through cooperation among key producers.
Saudi Arabia oil minister Ali al-Naimi said the combination of oil producers’ collaboration and market forces always result in renewed stability in the market that has sustained years of instability and erratic price fluctuations.
The minister was optimistic about the future as well although the global oil market has been experiencing a period of unsteadiness for over a year now.
The material has been provided by InstaForex Company – www.instaforex.com