Reuters | Oil slips towards $60, Saudi Arabia sees steady market Reuters Oil Minister Ali al-Naimi said he expected supply and demand would soon match and oil prices, which hit a near six-year low of $45 in January, would stabilise, adding to signs OPEC's largest exporter is confident consumption is growing. "I hope and ... US Running out of Room to Store Oil; Price Collapse Next? Saudis Boost Oil Pricing to Asia Most in Three Years Oil Prices Trade in Narrow Range Ahead of Inventory Data |