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