icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Interview with Chris Weafer

There seems to be no end to the rise in oil prices, as geopolitical instability and the weakening dollar drive traders' concerns. Chris Weafer, Chief Strategist at Uralsib, says it's a matter of days until the $US 100-per-barrel barrier is broken.

He sees the falling value of the dollar rather then the possible disruption of supply from the Persian Gulf as the main reason for the soaring oil price.

Another key factor is that companies are trying to build up stocks of oil as a safeguard for the future.