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Economy behind oil price: Saudi oil minister

SAUDI Arabia oil minister Ali al-Naimi has acknowledged economic factors were the main driver behind oil price movements as crude rose after the International Energy Agency again increased its 2010 global demand estimate.

Economy behind oil price: Saudi oil minister

"You guys must realise that there is a fundamental change in the market," Reuters quoted al-Naimi as saying. "Economic growth is the name of the game, that's what's going to drive the price. As long...

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