May 25, 2018 / 4:43 PM / 5 months ago

Russia's Putin says oil price of $60 per barrel suits Russia

MOSCOW (Reuters) - Russian President Vladimir Putin said on Friday that an oil price of $60 per barrel suited Russia and that high oil prices could create problems for consumers.

FILE PHOTO: Russian President Vladimir Putin speaks a during a news conference after the talks with his French counterpart Emmanuel Macron in St. Petersburg, Russia May 24, 2018. REUTERS/Grigory Dukor

Russia, which reached a deal with OPEC to cut oil output, has business-like relations with OPEC and OPEC leader Saudi Arabia, in particular, Putin said in comments broadcast on television.

Reporting by Vladimir Soldatkin; Writing by Tom Balmforth

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