Published on FXDD (http://forex.fxdd.com)
Forex Trading News: OPEC President Looks At USD Strength To Gauge Oil Price
By Mr. Danish FX
Created Apr 28 2008 - 4:02am

Highlights from OPEC President in a Q & A session this morning:

  • Does not rule out $200 a barrel, market linked to USD rise or fall
  • 1% rise or fall in USD equals $4 change in oil per barrel
  • More oil output would not lower prices
  • Oil stocks are high, demand is easing, and supply satisfactory

Source URL: http://forex.fxdd.com/trading-news/3690/forex-trading-news%3A-opec-president-looks-usd-strength-gauge-oil-price