SAUDIS NEED $88
BLOOMBERG - Whenever Saudi Arabian officials are asked what oil price the kingdom want, they almost always reply that they have no preference. Recent reports that the world's largest exporter was aiming for $80 a barrel elicited the same response: there's no target.
But the International Monetary Fund's latest report on the Saudi economy shows why the government would like prices to keep climbing, no matter what they say in public.
In a study released Wednesday, The IMF…
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