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10:12 16 July
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Russia's Putin says oil price above $50/bbl is fair


Russian President Vladimir Putin said on Thursday that coordinated efforts taken by Saudi Arabia, Russia and other leading oil producers have borne fruit and led to oil prices rising to above $50 per barrel, which is a "fair" level, APA reports quoting Dailymail.


"We have coordinated our position with the OPEC countries... and the price has been stable at over $50. We consider this to be a fair price, which suits us," Putin said at a forum with scholars.

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