Crude oil is trading above 60 dollars a barrel in Europe. Europe's benchmark Brent crude was up 74 cents to more than 62 dollars a barrel early this morning. U.S. crude was up 66 cents, at nearly 58 dollars a barrel. Crude oil was selling for more 115 dollars a barrel six months ago. Saudi Arabia's oil minister said Sunday that he's confident the fall in prices is temporary and that the market will correct itself. The oil minister said lower oil prices will stimulate the global economy, leading to more demand for oil.