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Home Information Business OPEC president says oil prices not tied to market (AP)
OPEC president says oil prices not tied to market (AP) PDF Print E-mail

Indonesian workers shout slogans during a protest against fuel prices hikes in Jakarta, Indonesia, June 1, 2008. Indonesian government raised fuel prices by nearly 30 percent last month to avoid a budget blow out amid soaring global oil prices. (AP Photo/Dita Alangkara)AP - The weak U.S. dollar, market speculation and the subprime crisis are the causes for the spiraling price of oil, OPEC"s current president said Saturday.


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