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Oil prices to 'stay over $80 for rest of 2008'
- Sunday, March 23 - 2008 at 13:37
Opec President Chakib Khelil said on Sunday petroleum prices will range between $80 and $110 per barrel for the rest of 2008, reported Reuters. He said Opec was under 'big pressures' from consuming nations who liked to portray the group as responsible for high oil prices, when in fact the market was responding to US economic problems and the falling dollar.
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Jeff Florian, Senior ReporterSunday, March 23 - 2008 at 13:37 UAE local time (GMT+4)
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