Condition 50 Dollar Oil Prices Will Help the World Economy. Oil ministers from the countries the United Arab Emirates on Monday said that oil prices at the level of 50 U.S. dollars will help improve the world economy, mengutif official news agency WAM. United Arab Emirates is a country the tenth largest oil producer of the world.
"The decision last OPEC will reduce production in order to menyestabilkan price level in the 50 U.S. dollars, a price that is required to support the global economy and to meet the investment," said Mohammad al-Hamli.
Hamli said oil prices are now
Based on the main contract in New York, light sweet crude oil for delivery in May, declined 79 cents to be 49.54 dollars per barrel in Asian trade Monday.
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