Iran could live with oil price as low as $5:
Iran could live with an oil price as low as $5 per barrel, President Mahmoud Ahmadinejad was quoted as saying yesterday, in comments at odds with the views of the IMF and economic analysts.
Oil prices won't fall below $60 to $70 a barrel as this is the minimum level at which alternative fuels are economically viable, Saudi Oil Minister Ali al-Naimi said in remarks published on Sunday by Algeria's APS news agency.