Saudi finance minister: experts suggest oil prices will be stable, rise a little

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Reuters RIYADH
Last Updated : Oct 25 2017 | 6:57 PM IST

RIYADH (Reuters) - As Saudi Arabia prepares its 2018 state budget, experts appear to be suggesting that oil prices will be stable or rise a little, Finance Minister Mohammed al-Jadaan said on Wednesday.

The government does not publish its oil price assumptions in its budgets, but economists estimated its 2017 budget assumed an average oil price in a range of about $47 to $55 a barrel.

(Reporting by Andrew Torchia; Editing by Toby Chopra)

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First Published: Oct 25 2017 | 6:42 PM IST

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