There has been a debate going on the recent spikes and fluctuations in the oil prices. A colleague of mine was telling me about the benchmark of the lowest oil prices will be revisited in most of the middle-east countries especially Saudi Arabia. Having said that, it reminded me what OPEC president Chakib Khelil said about how the future oil prices will be determined by the evolution of the U.S. dollar and its geopolitical situation. We all have been reading about the rumors and speculations on how the oil prices are kept artificially high. Recently, oil prices spiked again due to shocking economical earthquake started last week in Wall Street. This obvious increase was expected. But the question is after few weeks of reversed trend in oil prices, whether this strong spike is inflated or not by the speculators.
