Saint Petersburg:President Vladimir Putin said Friday that Moscow would be satisfied with the price of crude oil dropping to $60 per barrel as Russia and Saudi Arabia signalled they are ready to revise a production cap that has boosted prices. “We would be completely satisfied with oil at $60” per barrel, Putin said at a meeting on the sidelines of Russia’s annual economic forum, noting that a higher price can hurt consumers and spur production in rival nations.
Markets, oil drop in Asia but bitcoin edges towards $50,000
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...