Oil price of $65-$75 per barrel would ‘suit’ Russia: Vladimir Putin

Russian President Vladimir Putin on Wednesday said an oil price of $65 to $75 per barrel would “suit” Moscow, as crude soared this week to reach the highest level since November 2014.

“A price of $65 to $75 per barrel would suit us. This would be completely normal to ensure the efficient functioning of energy companies and the investment process,” the Russian leader told an energy forum in Moscow.

Oil prices spiked this week to a four-year peak, with Brent Crude at nearly $85 p (Read more…)