Oman sees oil price at $90-$100 in 2012
Non-Opec oil producer Oman sees oil prices at a range of $90 to $100 per barrel in 2012 and is not expecting any major changes in the market, a senior government oil official said on Monday.
Oil prices sank under $90 on Wednesday as traders seized on rising US crude reserves and after US President George W Bush called on Opec to increase output to help cut the cost of energy.