OPEC sees US$170 per barrel of oil
The president of the Organization of Petroleum Exporting Countries (OPEC) Chakib Khelil predicts that prices of world crude oil could reach the US$150 to $170 range per barrel before this year's summer ends. In an interview on the French news channel France24, Khelil who is also Algeria's energy minister, also stated that prices won't reach $200 per barrel when asked as to how far would prices would go up. During the interview, Khelil said that prices would depend on how far the United States puts pressure on oil producer Iran, over its nucle
Source: Wikinews