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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: CommanderCricket	6/26/2008 10:12:18 AM
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Many think OPEC wants lower prices - hah, they wouldn't be saying stuff like this. We'll never see sub $100 again unless the $USD starts taking viagra or something. OPEC chief sees oil at up to $170 this summer Reuters June 26, 2008 at 8:34 AM EDT PARIS — Crude oil prices could rise to as high as $170 (U.S.) a barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview Thursday. “I forecast prices probably between $150-170 during this summer. That will perhaps ease towards the end of the year,” he told France 24 television, according to a text of the interview released by the station. The comments came as crude prices neared $135 per barrel, after rising about 40 perc ent this year. Mr. Khelil said he doubted prices would climb as high as $200.

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