Kuwait oil minister: Oil prices are good for producers, consumers - Al Rai

CAIRO (Reuters) - Kuwait’s Oil Minister Khalid al-Fadhil said current oil prices are good for producers and consumers, Kuwaiti newspaper Al-Rai reported on Sunday.

Al Rai cited al-Fadhil saying “current oil prices are good for producers and consumers, as consumer countries see that a price between $60-70 is a good price for everyone.”