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Reuters – Ecuador sees oil price $70-$80 this year

Date: Jul 6, 2010

Ecuador’s oil policy minister says that he expects the price of oil to stabilize between $70 and $80 per barrel:

World oil prices are expected to stabilize between $70 and $80 per barrel for the rest of 2010 and no change in production targets is expected, Ecuador’s minister in charge of oil policy, Wilson Pastor, said on Friday

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