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    Algeria sees oil prices stabilising at $100 this year

    ALGIERS, Feb 6 (Reuters) - Global oil prices are

    expected to stabilise at around $100 per barrel this year, and

    there is a consensus among OPEC member states to leave them at

    their current level, Algeria's energy and mines minister was

    quoted as saying.

    "The outlook for the oil market this year shows a balance

    between supply and demand and relative stability in the market

    and we expect the price will stabilise at around $100 per

    barrel," El Khabar newspaper on Monday quoted the minister,

    Youcef Yousfi, as saying.

    "I can confirm that today there is consensus within OPEC to

    leave prices at their current level."

    (Reporting by Hamid Ould Ahmed; editing by Jason Neely)

     

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