Oil price to hit US$150-170 in coming months: Opec
It will probably fall a bit towards the end of the year, said its president. -AFP
Thu, Jun 26, 2008
AFP
PARIS - THE president of Opec, Algerian Energy Minister Chakib Khelil, predicted on Thursday that oil prices would rise to 150-170 dollars (S$205-S$232) a barrel during the northern hemisphere summer.
'I predict probably prices of 150 to 170 dollars this summer. It (the market) will probably fall a bit towards the end of the year,' he said in an interview with the France 24 television channel. -- AFP