Kuwait oil minister: Oil prices are good for producers, consumers- Al Rai

Kuwait's Oil Minister Khalid al-Fadhil said current oil prices are good for producers and consumers, Kuwaiti newspaper Al-Rai reported on Sunday.

Al Rai cited al-Fadhil saying "current oil prices are good for producers and consumers, as consumer countries see that a price between $60-70 is a good price for everyone." (Reporting by Ahmed Hagagy; writing by Nayera Abdallah; editing by Christian Schmolligner)