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Oil will hit $150, says Russia's president
- Middle East: Thursday, July 03 - 2008 at 12:33
Dmitry Medvedev, the President of Russia, the world's second-biggest oil producer, said that he expects crude oil prices to rise to $150 a barrel and retard global growth, reported Reuters. The Russian president described OPEC's influence as exaggerated, saying that the organization's decisions don't always have a long-term impact on oil prices.
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Jeff Florian, Senior ReporterThursday, July 03 - 2008 at 12:33 UAE local time (GMT+4)
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