October 7, 2018 / 12:18 PM / 2 months ago

Oil market is balanced, says Qatar energy minister

DUBAI, Oct 7 (Reuters) - The oil market is balanced in terms of supply and demand, Qatar’s Energy Minister Mohammed al-Sada said on Sunday.

‘’Geopolitical changes’’ are the reason for the rise in crude prices, he added, cited by the state-run Qatar News Agency.

Reporting by Maher Chmaytelli

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