Sunday August 31, 08:08 PM
REFILE-Angola: oil price fall proves supply was enough
LUANDA, Aug 31 (Reuters) - The fall in the price of oil from record highs proves that prices were being driven up by speculators and not because of a shortage of supply, Angola's Finance Minister was quoted as saying.
'Today, when I look at the correction in oil prices ... I feel perfectly comfortable with what The Organization of the Petroleum Exporting Countries (OPEC) said a few months ago,' Jornal de Economia e Financas quoted Jose Pedro de Morais as saying.
'The rise in the price of oil was not related to a gap between supply and demand but was due to speculative activities,' Morais said.
(Reporting by Henrique Almeida) Keywords: ANGOLA OIL/REPORT
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