Saudi Arabia and Russia see $100 as a fair price for oil – report Reuters report, citing sources familiar

Oil has been catching a bit of a bid in the last hour and some of that is due to a report from Reuters highlighting the thinking of Saudia Arabia and Russian leaders.

Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price that the global economy can absorb, sources familiar with government thinking in the two countries told Reuters.

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