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Exxon says oil barrel should be in $60-$70 range

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Thu, 12 May 11 7:43 PM | 67 view(s)
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Exxon says oil barrel should be in $60-$70 range

WASHINGTON | Thu May 12, 2011 11:43am EDT

WASHINGTON (Reuters) - The head of Exxon Mobil (XOM.N) stopped short of blaming speculators for the run-up in oil prices, but he told Congress on Thursday that based only on the fundamentals of supply and demand, the price of oil should be in the range of $60 to $70 a barrel.

Full article: http://www.reuters.com/article/2011/05/12/us-congress-oil-speculation-idUSTRE74B4NQ20110512




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