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VIENNA, Oct 21 (Reuters) - Venezuelan Oil Minister Eulogio del Pino said on Wednesday that the market equilibrium price for oil is around $88 per barrel.
"At $40 a barrel, we are below the equilibrium price," he told reporters.
A technical discussion among oil experts from OPEC and non-OPEC countries is being held in Vienna on Wednesday ahead of the oil producer group's Dec. 4 policy meeting.
Reporting by Alex Lawler; editing by Jason Neely