Saudi Arabia's Minister of Petroleum and Mineral Resources, Ali Ibrahim

Saudi Arabia's Minister of Petroleum and Mineral Resources, Ali Ibrahim Naimi, right, welcomes Algeria`s Minister of Energy and Mines Chakib Khelil, left, during the Organization of the Petroleum Exporting Countries, OPEC, seminar at Vienna's Hofburg palace, Austria, on Wednesday, March 18, 2009. Oil prices moved above $48 a barrel Tuesday, despite persistent concerns over the global financial crisis were expected to exert moderate downward pressure on prices in the coming weeks.