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Markets

Saudi's Naimi says oil market will stabilise eventually

Published Updated

imageVIENNA: Saudi Arabian Oil Minister Ali al-Naimi told reporters on Wednesday that he believed the oil market "will stabilise itself eventually".

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna.

Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut.

Copyright Reuters, 2014

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