Posts Tagged 'OPEC'

Paris- In an interview with a French television last Thursday, OPEC President Chakib Khelil estimated that crude oil prices could reach $150 to $170 a barrel in the coming months, but unlikely to hit $200 before the end of the year. A week later and a day before the US independents day, crude oil prices hit another record high of $145 a barrel. Up $10 from when the statement was made last week and up 50% from the beginning of the year.