Oil price may hit $200— OPEC

dESPITE reaching the low of $45 per barrel, oil prices may yet rise to $200. This indication was giving on Monday by the Secretary-General, Abdulla al-Badri, when he was in London, the oil market doesn’t need to look for oil prices to bottom as the market has already bottomed. Instead, he offered quite bullish comments by saying, “Now the prices are around $45-$55, and I think maybe they [have] reached the bottom and we (will) see some rebound very soon.” Abdulla al-Badri, however did not say OPEC ...
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Added February 03, 2015
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