By Prensa Latina,
Argel : Weakness of the dollar may rocket oil to $200 the barrel in no time even with the markets well supplied, said Chakib Khelil, head of the Organization of Petroleum Exporting Countries.
Khelil linked the dollar decline to automatic oil price jump. In New York, the 159 liter barrel closed Friday at $127, while Brent in London surpassed $125 and the OPEC 13-strong basket hit a historic maximum of $1.124 this week, a growth owed to fears of shortage.
The above is blamed to the closing of the largest British pipeline by striking workers in demand for pay rise and renewed violence in Nigeria, top African oil producer.
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