Conoco sees US oil at $55-$65 in 2008

US oil prices will remain in the $55 to $65 range for the next year, ConocoPhillips CEO James Mulva said in an interview.

“The consensus view is somewhere between $50 and $65 a barrel and I don’t take issue with people who are saying we are going to see it between $55 and $65,” Mulva said in an interview on Tuesday with Reuters.

US crude futures were just over $63 a barrel on Wednesday and have ranged from a low of about $50 to a high of about $68 in 2007.