It is a gift to the world that oil has dropped to $50, as prices should be low enough to spur economic growth, the head of Abu Dhabi’s Department of Economic Development, Ali Al Mansoori, said.
"Would we like for oil to stay at $50? Absolutely not. We would like oil to go to $70, $80, but beyond that I think it would hurt the economic growth," Bloomberg cited him as saying. According to him, the prices will probably be at $60 in 2016.
