OPEC president eyes $75 oil this year

LUANDA (Reuters) – Oil prices could reach $75 per barrel in 2009 despite a the economic crisis, OPEC president Angola said on Monday, adding that compliance by the 12-member group with the agreed cuts remained at around 80 percent.

Jose Botelho de Vasconcelos, who is also Angolan oil minister, said he hoped the upcoming G20 meeting will help stimulate the world economy and contribute to growing demand for oil and higher oil prices.
Reuters