Cheney says high oil price reflects market reality

Crude oil prices in excess of $100 a barrel reflect the reality in the market place, US Vice President Dick Cheney said. He told reporters there was limited excess oil production capacity worldwide. Dollar weakness was also an element pushing prices to...

Crude oil prices in excess of $100 a barrel reflect the reality in the market place, US Vice President Dick Cheney said. He told reporters there was limited excess oil production capacity worldwide. Dollar weakness was also an element pushing prices to record levels, he added.

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