"OPEC is satisfied with 50 dollars. Prices are moving closer to fundamentals."

(said Maizar Rahman, Indonesia's representative on OPEC's board of governors, by phone from Jakarta, as crude prices near $50/bbl because that level more closely reflects supply and demand in the world market according to OPEC.).
See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/