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Member Since: 9/2006Last Seen: 11/25/2009

OPEC President Sees $200 a Barrel Oil Possible

Read ArticleArticle Source: The New York Times
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OPEC President Chakib Khelil does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide, Algerian government newspaper El Moudjahid reported on Monday.

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{"commentId":1742948,"authorDomain":"bazards"}
"In terms of fundamentals, stocks are high, demand is easing, supply is satisfactory. Therefore normally, without geo-political problems and the fall of the dollar, the prices of oil would not be at this level,"
{"commentId":1742948,"threadId":"256772","contentId":"1457706","authorDomain":"bazards"}
    Reply#1 - Mon Apr 28, 2008 2:18 PM EDT
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