October 3, 2018 / 11:51 AM / in 9 months

Russia's Putin says Trump is right that oil prices are too high

MOSCOW (Reuters) - Russian President Vladimir Putin said on Wednesday that his U.S. counterpart Donald Trump was right that the current oil price was too high.

Putin said at the Russian Energy Week forum that the price has risen because of the U.S. sanctions against one of the top OPEC producers, Iran.

We would be happy with the oil price at $65-$75 per barrel, Putin said.

Reporting by Dmitry Zhdannikov and Denis Pinchuk; writing by Andrey Kuzmin; editing by Jason Neely

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