But U.S. oil prices have eased since hitting a record $111.80 a barrel on Monday as signs of an economic slowdown mount, raising the possibility of a slowdown in world demand for commodities.
137
OPEC Leaders Forecasts Oil Fluctuations For Rest 2008
Petroleum prices will range between $80 and $110 per barrel for the rest of 2008, OPEC President and Algerian energy and mines minister Chakib Khelil said Saturday
Petroleum prices will range between $80 and $110 per barrel for the rest of 2008, OPEC President and Algerian energy and mines minister Chakib Khelil said Saturday.
OPEC left its output steady at a meeting earlier this month despite calls from consuming countries for more oil to halt the record rally.
Oil and other commodities have struck a series of record highs since the beginning of the year as investors fled stock markets and took refuge in dollar-denominated assets.
But U.S. oil prices have eased since hitting a record $111.80 a barrel on Monday as signs of an economic slowdown mount, raising the possibility of a slowdown in world demand for commodities.
But U.S. oil prices have eased since hitting a record $111.80 a barrel on Monday as signs of an economic slowdown mount, raising the possibility of a slowdown in world demand for commodities.
Подпишитесь
