Price of oil is really important for World economy and Organization of Petroleum Exporting Countries looks balanced to leave production stable. The current prices of the oil are struggles to recover the world from its bad nastiest slump in decades.

The main minister from the OPEC, they are supplier of up to 35 % of the world basic. It is indicated on Monday that while instability remains an issue in the oil market. They will try to adjust all the things when they meet today.

Current prices of oil are excellent said by Ali Naimi, who is the Oil minister of Saudi Arabia.

There was consensus to leave output changed said by OPEC?s secretary general.

US$74 (S$103.9) per barrel price on Tuesday, it is more than double its level of last year when the prices distorted among weak global demand.

We are looking ahead, supply-demand fundamentals.