Oil prices are stable and at a good level

The current prices of oil are at situation of stability and remain in a good level because of the decline of the dollar in world markets and the entry of speculators into the oil market again, especially with the survival of market fundamentals of supply and demand and reserves the same. The Kuwait News Agency (KUNA) reported that the (OPEC) were considered earlier that the "burning issues" such as high levels of speculation in the stock exchanges on energy and global market turmoil and fluctuations in world oil prices were the main feature that characterized this summer. (OPEC) States seek to keep the price of a barrel of oil between 70 and 80 dollars in order to achieve a balance between the interests of producers who need a continuing basis to finance spending on the development and discovery of new oil fields and the interests of consumers who are suffering at the current economic decline significantly due to the repercussions of the global financial crisis. The current price for a barrel of Kuwaiti oil is within the range targeted by OPEC countries, it also in a good low compared to the level it reached in early this year when he arrived to nearly $ 32 a barrel, down from $ 136 level it reached in July 2008.m.e