BAGHDAD, June 14 (Reuters) - While an oil price of $70 per barrel is encouraging producers to bring more crude to market, it is not enough to balance supply with demand in the event the world economy recovers quickly, Iraq's oil minister said Sunday.
"If there is a quick recovery of the world economy, oil prices of $70 will not be enough to balance produced crude and demand and prices will continue rising," Hussain al-Shahristani told Reuters.
"Yes I expect prices will keep increasing."
(Reporting by Ahmed Rasheed; Editing by John Stonestreet)