Badshah Abdullah satisfied with oil price

Saudi king Abdullah described oil prices as satisfactory in an interview published on Saturday, at a time when the largest OPEC producer is seeking price stability. "We predicted an oil price of 75 to 80 dollars per barrel at the beginning of the year, what we considered acceptable, and now it has reached this level," the king told the Kuwaiti newspaper Al-Siyassah. "(We expect) the price will stabilise or increase marginally," he added. King Abdullah also expressed confidence in the state of the Saudi economy, which he said had successfully managed to withstand the global financial crisis.