The Globe and Mail | Saudi Arabia Wants $70 Oil OilPrice.com As the global oil inventory surplus narrows and the goal of the OPEC cuts is within reach, the oil cartel is mulling a change in the way it defines success, with an eye on keeping the current production limits in place at least through to the end of ... Oil climbs above $62 amid producer promises to support markets Saudi oil exports rose slightly in December: JODI Oil hits two-week high on share market recovery, Mideast tensions |