Oil prices set for sixth week of gains, India sounds alarm
Rising prices have already raised the alarm among big oil-consuming countries. OPEC kingpin Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil just as major consumer India expressed frustration with rising prices. Saudi Energy Minister Khalid al-Falih called India`s Petroleum Minister Dharmendra Pradhan to assure him that supporting global economic growth was "one of the kingdom`s key goals", the Saudi Energy Ministry said.
Crude prices have received broad support from voluntary supply cuts led by the Organization of the Petroleum Exporting Countries.Image source: Reuters