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Algerian minister predicts $60-a-barrel crude oil

Posted on 23 March 2009

From IHT: Algeria’s energy minister predicted Sunday that crude oil prices could hit $60 per barrel by the end of the year. Chakib Khelil said OPEC has succeeded in keeping prices stable despite plunging demand for oil worldwide because of signs of global recession.

“We’re going to have prices of $60 per barrel by the end of the year — I think it’s possible,” Khelil told reporters at a ministry briefing…..Full Article: Source


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