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Whether oil prices in real terms into the "100 dollar time"? - commodities

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Old 03-11-2008, 03:35 PM
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Default Whether oil prices in real terms into the "100 dollar time"?

In the oil prices exceeded 10 dollars, in control of 40% of global oil output, the OPEC contrary even tougher. In last week's meeting, OPEC once again strongly reject its output upon request calls. Yesterday, OPEC President Khalil predicted that more public occasions this year, oil prices will be maintained at a high of more than 100 US dollars.
Khalil for OPEC to increase to the defence. He said that although oil prices than in the past five years the level should be high, but the organization expects second-quarter global demand for crude oil will fall 1.4 million barrels, and some big oil consumer of crude oil reserves.
Khalil said that the high oil prices are due to economic and geopolitical factors caused by oil prices in the future for a long period of time will be high. "Before the end of this year, oil prices will be high."
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