By David Sheppard LONDON (Reuters) - Brent crude oil steadied above $60 a barrel on Wednesday after Saudi Arabia's oil minister said he expected the oil market to balance itself. Oil Minister Ali al-Naimi said he hoped and expected the oil market to balance and prices, which hit a nearly six-year low around $45 in January, to stabilize, adding to signs OPEC's largest exporter is confident that demand is growing. Naimi said it was not Saudi Arabia's responsibility to "subsidize" higher cost oil producers. The speech followed news that Saudi Arabia had raised its official selling prices (OSPs) for oil deliveries to Asia and the United States on Tuesday.
GENEVA (AP) — Volkswagen's functional Passat family car may have taken top honors as car of the year at the annual Geneva motor show, but there is no doubt what visitors come to see at this glitzy gathering: high-end supercars.