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Oil price fluctuations 'normal': Saudi minister

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Movements in the global oil price, which has plunged about 50 per cent this year, are to be expected, key producer Saudi Arabia said on Thursday, expressing optimism for the future.

[RIYADH] Movements in the global oil price, which has plunged about 50 per cent this year, are to be expected, key producer Saudi Arabia said on Thursday, expressing optimism for the future.

"Price fluctuations in commodities, including oil, are normal," the kingdom's Oil Minister Ali al-Nuaimi said, quoted by the official Saudi Press Agency.

He said he is "optimistic for the future because the situation that we and the world currently face is temporary."

AFP

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