Putin says Russia 'satisfied' with oil at $60

Russia is happy with the current oil price level of around $60 dollars per barrel, President Vladimir Putin said on Wednesday, despite a recent dramatic oil price slump on global oversupply worries. The oil price "fell and then rose again but in my opinion, a level around $60 is quite acceptable, we are completely satisfied," he told an investment forum. Russia's latest budget had been built on the assumption of oil at $40, he said.

from Yahoo News - Latest News & Headlines https://ift.tt/2P59xn7