Go Finance Reporting - stable world crude oil market does not make oil prices are also stable. Even predicted crude prices could penetrate U.S. $ 100 per barrel level
As cited by Reuters on Monday (12/27/2010), an Iranian OPEC governor Mohammad Ali Khatibi said that the stability of oil markets could drive crude oil prices could reach U.S. $ 100 per barrel. This was caused by the influence of cold weather in several countries to increase demand and the weakening United States dollar (U.S.).
"The cold weather that had never happened in Europe, America and China, then the weak dollar and increased demand for fuel because of the holiday season has raised oil prices to more than USD90," Khatibi said. "The increase in oil can be enhanced by a range of issues" he added.
Oil itself is currently at its highest level in more than two years last weekend which, supported by cold weather around the world, and signals from OPEC that will not catch the rally by raising their production. (GoFinance)
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