OPEC chief predicts further oil price rises

Oil prices could soar as high as US$170 a barrel over the next few months, the president of oil cartel Opec warned today.

OPEC chief predicts further oil price rises
Thu, 26 Jun, 2008 - 15:45

Oil prices could soar as high as US$170 a barrel over the next few months, the president of oil cartel Opec warned today.

Chakib Khelil, president of the group of oil producing nations, forecast that the cost of crude would rise to between USD$150 and USD$170 dollars a barrel this summer.

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