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Oil prices above US$140 as OPEC president says prices could pass US$150

CRUDE oil futures shot above US$140 yesterday after OPEC's president said crude prices could rise well above US$150 a barrel this year and Libya said it may cut oil production. Light, sweet crude crossed the...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080627/article_364773.htm"> Oil prices above US$140 as OPEC president says prices could pass US$150 </a> by -- CRUDE oil futures shot above US$140 yesterday after OPEC's president said crude prices could rise well above US$150 a barrel this year and Libya said it may cut oil production. Light, sweet crude crossed the... </p>