Chavez predicts oil could reach $200 a barrel
Posted: Thu Jun 12, 2008 6:06 pm
Source: AP
CARACAS, Venezuela - Venezuelan President Hugo Chavez says he expects oil prices to keep climbing and predicts they could reach $200 a barrel.
It isn't the first time the Venezuelan leader has mentioned that benchmark-- though he hasn't said when it might be reached.
Chavez reiterated the prediction after the price of light, sweet crude continued to rise on the New York Mercantile Exchange and settled at $136.38 a barrel Wednesday.
http://www.sun-sentinel.com/news/local/ ... 0846.story
CARACAS, Venezuela - Venezuelan President Hugo Chavez says he expects oil prices to keep climbing and predicts they could reach $200 a barrel.
It isn't the first time the Venezuelan leader has mentioned that benchmark-- though he hasn't said when it might be reached.
Chavez reiterated the prediction after the price of light, sweet crude continued to rise on the New York Mercantile Exchange and settled at $136.38 a barrel Wednesday.
http://www.sun-sentinel.com/news/local/ ... 0846.story