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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices may touch 70 dollars: Algerian minister

Posted on 09 April 2009

From AFP: Oil prices could rise to 70 dollars by the year end and then touch 80 dollars, Algeria’s energy minister told AFP, adding that oil producers should maintain their production quotas for the moment.

“The global economy is starting to pick up, especially in the United States. A barrel could hover around 70 dollars between the end of 2009 and early 2010 and then rise to 80 dollars,” Chakib Khelil said…..Full Article: Source


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