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Cold weather forecasts in America and Europe as the United States can extend measures stimulus - weakening of the dollar and boost the appeal of commodities as an alternative investment - week last speculation driven by price of oil to a maximum of two years.

The restoration of the fragile global economy and supplies further will, however, prevent the award of the arrow, OPEC said in a statement Saturday.

"Right now the market is very comfortable for consumers," Abdulla El-Badri, the Secretary General of OPEC, said at the meeting in Quito (Ecuador). OPEC has 6 m to 7 m barrels of spare capacity per day, Mr. El-Badri said, and he acted to increase production until the decline of these levels.

"The question they have watched was $90 is a blip or a trend," stated Bill Farren-Price, founder of consultant Petroleum Policy Intelligence, told Bloomberg. "They took notice that there are one-time factors such as the snap cold, a weak dollar, which stand in the new year."

The "increase in annual average oil demand in 2011 is likely to be lower in 2010," said OPEC. Lower demand will accompany "difficult risks to the global economic recovery, including the negative effect of possible conflicts of the currency and fears of a second banking crisis in Europe, which would have a negative impact on the demand for oil."

Saudi Arabian Oil Minister Ali al-Naimi said that the supply and demand are "balance", and $ 70 to $ 80 is "a good price" for oil.

World oil demand growth is expected to slow 1 2 8pc 6pc in 2011 this year, according to the International Agency for energy.

OPEC has kept the limits of production at 24.845 million barrels per day since December 2008, when he announced larger reduction in quotas output never demand collapsed and prices collapsed at the beginning of the global economic crisis.

OPEC provides 40pc of oil in the world. The next scheduled meeting is in June at the siege of Vienna from OPEC.

"If they begin to produce significantly more, implicitly or explicitly start sending a signal on the market that they want to stop the price,"said Mike Wittner, head of research of the oil company market General SA in New York.""

"They seem to have enough oil, inventories are still high and crude stocks especially to the United States are still very much.

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Brent crude traded in London, hit $88.80 of falling to $88, which is slightly lower highs seen in the spring. But New York prices topped their highest in two years, touch $87.22 barrel at a time given, front retreat on late trading potential dollar.

Analysts have begun to predict the price of crude oil reach $90 before the year is out and top $100 per barrel in 2011.

This week, JP Morgan raised its average 2011 forecast for New York crude oil traded $89.75 82.50, per barrel after the United States Federal Reserve said that it would continue with the quantitative easing.

"It is always fed Wednesday which is stimulating oil prices" said analysts of Commerzbank."Additional cash pumped into the market by buying the Treasury of the Federal Reserve should also meet the commodity markets and thus leads to the increase in oil prices. What level higher prices reflect the weakness of the US dollar which is a direct consequence of the monetary policy of the United States ultra-expansive.?

Global demand for oil has increased 1 m barrels a day in 2010 - increasing to an amount of double previous forecasts.Prices have increased this week when Ali al-Naimi, the Minister of Saudi Arabia oil predicts prices from $ 70 to $ 90 rather than his previous 70 80 $ .libye, another Member of the OPEC oil cartel's estimate was forecast oil $ 100 at the end of the year.

"The current oil price is widely supported polls fundamental demand continuous and increasing in developing countries while the quantitative easing in the United States has weakened the dollar, and added some foam at the price of crude," said Andrew Moorfield, head of the oil & gas at Lloyds TSB.

Another optimistic factor for oil is rising prices that energy companies currently receive for their réserves.BP and Shell have been assign fields larger than the market expected this year amounts.

The evolution of securities analysts said: "" Royal Dutch Shell announced it sells reserves proved 27 m barrels of oil equivalent to an average of $16.7 barrel .c ' is another example, recent divestiture of BP, where the sale on active devices can achieve significant amounts of cash for relatively little loss of production and reserves. ""

Royal Dutch Shell has unloaded participations in gas fields mature six in deep waters of the Gulf of Mexico for $450 m (￡ 270 m).

The oil major is firing party high prices that it tries to get rid of billions $ assets this and next year.

She sold the fields produce 18,000 barrels oil equivalent per day and 27 m barrels reserve W & T Offshore Inc.

"We are focusing our investment on the most promising growth opportunities and this means that some fields that correspond to our sales strategy said Marvin Odum, Director of Shell for upstream Americas."

Shell in the Gulf of the Mexico production decreased by 4pc since the BP oil spill resulted in a ban on drilling in deep water.

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Much of this year, crude oil prices were trapped between 70 and $80 per barrel but Monday, it seems that Saudi Arabia raise this range.

Reference that US crude for December delivery increased to a maximum of $84.14, up to $1.19 to drag to trade $ 83,94 / 1445 GMT, adding almost 2pc lundi.Brut ICE Brent earnings climbed 70 cents to $85.32.

Shokri Ghanem, President of National Oil Corporation Libya, told Reuters it thought that oil prices could be closer to $100 at the end of the year.

Mr. Ghanem, the page for the Libya top oil official said the dollar had fallen and had increased the prices of other products.

"I think that we can move closer to $ 100 it is a kind of tacit compensate for the increase in the prices of other products.""The price is contumace place and I think it will be closer to $100", he said.

Comments the Libyan official came one day after page top oil exporter Saudi Arabia has moved upwards for a price of $70-$80 range he argued for two years, saying oil to between 70 and $90 a barrel was comfortable for consumers.

Michael Guido, Macquarie Bank in New York hedge fund sales manager believes that the price spike was triggered by Libyan comments.

"I believe that the peak has been off the coast of the libye.Cependant, there is a new bullish spin today between the funds with respect where gun is really when you look at the dollar and other products, markets," he said.

"Perhaps the market should be resting up to $ 80 to $ 90 as opposed to $ 70 to $ 80. Duathlon $ is the new $70 when you look at the levels of support for the summer."

The dollar fell against a basket of currencies Tuesday, adding additional support for oil and base.Une products falling dollar makes the wording cheaper products.

During the major part of this year, crude oil prices have been stuck between 70 and $80 per barrel, a range that OPEC has said two years it was considered ideal for producers and the consommateurs.Cependant Monday, Saudi Arabia seems to raise this range.

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