Nigeria's Oil Minister Odein Ajumogobia said cheap prada handbags his country would be more comfortable with 80 dollars a barrel. Qatar has set a range of 70 to 90 dollars a barrel as the target price, while Iran said any price below 90 dollars a barrel would hurt some oil producers. Last month, oil demand in the United States, the world's biggest oil consumer, fell to the lowest level in more than five years, at 18.6 million barrels a day, according to the Department of Energy. For one thing, the world is calling for a reasonable oil price to fight a possible global economic recession stemming from the world financial crisis. Prior to OPEC's decision to cut the output, British Prime Minister Gordon Brown described the cut as "wrong for the world economy," saying it was "absolutely scandalous" amid a global economic crisis.

    World media widely estimated that Saudi Arabia can afford to let oil prices fall for a while without hurting its budget as it could sustain oil prices between 55 and 65 dollars a barrel. The International Energy Agency (IEA) was critical of OPEC's cut. "It is not a helpful decision because markets are quite nervous," Eduardo Lopez, a senior analyst at the IEA's oil market division, was quoted as saying by local media. In retrospect, wholesale prada handbags over the past 10 years, OPEC had made three major output cuts, in 1998, 2001 and 2006 respectively, but each saw no immediate price rebound.