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The headlines stating that OPEC President Chakib Khelil believes oil could hit $200 a barrel are completely misleading.<!--more--> What he’s really doing is posturing the US Federal Reserve to stop cutting rates because the low dollar is killing the rest of the world. The real theme from his comments are that oil supply levels are great, in fact, he said that US gasoline inventories are at 5 year highs with easing demand.

"Theprices are high due to the fact of the recession in the United Statesand the economic crisis which has touched several countries, asituation which has an effect on