Iran wants 100 dollar Oil

Friday, October 9, 2009

Iran's oil minister said he considered the "real price" for a barrel of crude should be more than $100 and a senior Iranian official said OPEC needed to cut oversupply from the market, Iranian media reported on Saturday.

This is what is call Wishful Thinking. But where will oil go from here? In the short term it may rebound a little further benefiting from the dollar weakness.

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