OPEC target band is effectively above 22-28 usd/barrel - Kuwaiti minister

VIENNA (AFX) - OPEC's target price band for oil of 22-28 usd a barrel is effectively dead and 32-35 usd would "be a good price," OPEC president Kuwaiti Oil Minister Sheikh Ahmad Fahd al-Sabah said.

"What I can say is 22-28 dollars is not any more a target for OPEC," he told reporters upon arriving for an OPEC ministers meeting in Vienna on Sunday.

ahe-msa/nh/lam

For more information and to contact AFX: www.afxnews.com and www.afxpress.com