Hubba hubba...!
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http://www.bloomberg.com/apps/news?pid=newsarchive&sid=autFGntuNqZY
Crude May Rise to $120 in Six Months, Taqa CEO Says (Update2)
By Glen Carey
March 4 (Bloomberg) -- Crude oil may rise to $120 a barrel within six months due to the dollar weakness and global political tensions, the chief executive officer of Abu Dhabi National Energy Co. said.
``I think a trading range between $80 and $120 a barrel this year is about right,'' Peter Barker-Homek, the head of the United Arab Emirates state-controlled company, which is also known as Taqa, said in an interview in Dubai today. ``But with the softness of the dollar, and the occasional interruptions that you have because of politics, I think we could see $120 oil.''