"Hooked on Oil," goes the title of an S&P report on Russia. The agency says prices need to...

|By:, SA News Editor

"Hooked on Oil," goes the title of an S&P report on Russia. The agency says prices need to be $120/barrel for the government to balance its budget this year, and warns it could cut the country's rating by 3 notches if crude gets to and stays as low as $60 - something the world's key central banks are working hard to forestall.