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Forex Trading News: OPEC President Looks At USD Strength To Gauge Oil Price

Posted by Mr. Danish FX on Mon, 04/28/2008 - 4:02am in

OPEC

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

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