Forbes | Infuriating News For Saudi Arabia, Russia Refuses To Play Oil Game Forbes Oil markets are still anemic after more than two years of over supply and repressed prices . From $114 per barrel in the summer of 2014, prices are now hovering in the mid $40s range, and have been unable to find a floor, market equilibrium, then trend ... Tired of cheap oil, Saudis eye price boost to drive Aramco IPO Oil tumbles towards $45 a barrel Oil price holds steady as Saudi Arabia offers hope of support |